Basel Standards Review of Pillar 3 Disclosure Requirements

I_ �aubi �rahian j)Nonetarp �gencp Banking Supervision Dept. 351000119940 :,.__;� 1435/09/17 ; �..JL-.11 ; .:.Ul.,.11 From Saudi Arabian Monetary Agency CC H.E. Abdulaziz AI-Helaissi, Deputy Governor for Supervision To All Banks Attention : Managing Directors, Chief Executive Officers and General Managers Subject Basel Committee on Banking Supervision Consultative Document ·entitled "Standards Review of the Pillar 3 · disclosure requirements" This consultative document sets out proposals from the first phase of the review of Pillar 3 disclosure requirements. The focus of the Committee's ;eview during this phase has been on the disclosure requirements ih the areas of credit, market, counterparty credit risks as well as- equity risk and securitisation. Disclosure requirements for other risk elements covered·by the existing Pillar 3 framework, namely interest rate risk in the banking book and operational risk, will be considered in ·phase two of the project when the policy reviews in these areas have been completed. It is proposed by the BCBS that the public disclosure requirements set out in this document will be implemented no later than 1 April 2016. Accordingly, banks will be required to comply with these requirements from the first reporting periodon pr after 1 April 2016. The Banks can access_ this BCBS document from BIS website: www.bis.org where "they ate expected to review and provide their comments by 1 September 2014 by e-riiail. Best ref!_ards, ) I, ,.... Alwaleed Alslieil<h Director of Banking Superyision P. 0. Box 2992 - Riyadli 11169, Say�i. Atabia - Tel.: 01-463 3000 - Telex 404390 SJ - Fax 01-466 2119 . . . . . . .

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