Regulatory Alerts2011-02-15
SAMA Announcement on Basel II and III Implementation Plans for 2011
SAMA outlines its 2011 roadmap for implementing Basel II and III, requiring banks to designate at least two senior representatives per committee by late February 2011 and maintain dedicated project leaders to coordinate regulatory compliance. The central bank will establish specialized working groups to advance key initiatives, including ICAAP refinements, internal ratings-based credit risk transitions, and new capital leverage and liquidity coverage ratio reporting. These committees are scheduled to commence operations in the second quarter of 2011, supported by targeted seminars and ongoing alignment with Basel Committee on Banking Supervision proposals.
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