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 are 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 timetable for these assessments is available at www.bis.org/bcbs/implementation/rcap_aoi.htm.
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