Regulatory Alerts2017-05-18
Pillar 3 Disclosure Requirements under the Capital Adequacy Rules - Updated Framework
The Saudi Arabian Monetary Authority (SAMA) issued this circular to implement Phase Two of the Pillar 3 disclosure requirements under the updated capital adequacy framework, mandating full compliance by local banks operating in the Kingdom. The update consolidates existing disclosure rules on capital composition, leverage and liquidity ratios, G-SIB indicators, and valuation adjustments into a unified dashboard to strengthen market discipline. Furthermore, it aligns disclosure timelines with ongoing regulatory reforms, including TLAC rules for G-SIBs and the revised market risk framework, with implementation targeted for the end of 2017.
Share