Basel Committee Assesses Saudi Arabia's Implementation of NSFR Regulation and LEX Framework As "Compliant".
Riyadh, Muharram 17, 1440, Sep 27, 2018, SPA -- The Basel Committee on Banking Supervision has today published two reports assessing the implementation of the Net Stable Funding Ratio (NSFR) and the large exposures (LEX) framework in the Kingdom of Saudi Arabia. Overall, the NSFR regulations and the LEX framework in the Kingdom of Saudi Arabia were found to be "compliant" with the Basel standards. This is the highest of the four possible assessment grades. These publications form part of the Committee's Regulatory Consistency Assessment Programme (RCAP), a series of reports on Basel Committee members' implementations of Basel standards. The Basel Committee plans to complete its review of the implementation of the NSFR and the LEX framework for all member jurisdictions by September 2020. The Basel Committee on Banking Supervision (BCBS) is the primary global standard setter for the prudential regulation of banks and provides a forum for regular cooperation on banking supervisory matters. Its 45 members comprise central banks and bank supervisors from 28 jurisdictions. --SPA 00:26 LOCAL TIME 21:26 GMT 0044 www.spa.gov.sa/1820004
All Rights Reversed for Saudi Press Agency Provided by SyndiGate Media Inc. ( Syndigate.info ).
|Printer friendly Cite/link Email Feedback|
|Publication:||Saudi Press Agency (SPA)|
|Date:||Sep 28, 2018|
|Previous Article:||KSA Suggests Promoting Private Sector's Participation in Financing UN Sustainable Development Plan.|
|Next Article:||KSA Stresses Importance of Efforts to Achieve Goals of Nuclear Weapons Elimination 2 New York.|