Regulatory Alerts2022-03-14
Added · Updated
Rules on Liquidity Risk Management for Finance Companies
The Saudi Central Bank issued rules requiring licensed finance companies to establish robust liquidity risk management frameworks, including board oversight, stress testing, and contingency funding plans. These regulations mandate the maintenance of high-quality liquid assets and the implementation of comprehensive cash flow forecasting to ensure solvency under normal and stressed conditions. Compliance with the rules is mandatory by January 1, 2023, with monthly reporting on adherence beginning in March 2022.
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