Regulatory Alerts2011-11-12
Added · Updated
SAMA Directive on Basel III Revised Framework for Resilient Banks
The Saudi Arabian Monetary Agency (SAMA) directed all domestic banks to review the Basel Committee's June 2011 revised Basel III framework and develop corresponding implementation plans. The updated global standards refine Credit Value Adjustments and mandate alignment with enhanced capital adequacy and liquidity requirements. Banks operating under Basel II must prepare for SAMA's forthcoming national guidance documents and revised prudential returns to ensure full regulatory compliance.
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