1.
| Working Group on Capital Reforms
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| | Banks should be represented by a senior officer (Chief Financial Officer, Chief Risk Officer, Strategic Planning, etc). This WG would study Capital Reforms and examine the current position of Banks and assess what remains to be done for its full implementation.
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2.
| Working Group on Global Liquidity Standards
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| | This WG will examine the under-mentioned new Global liquidity Standards for monitoring, observing and implementation in Saudi Arabia.
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| | • Liquidity Coverage Ratio (LCR) |
| | • Net Stable Funding Ratio (NSFR)
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| | The WG will particularly focus on Basel ill proposals. Banks should be represented by senior staff members from Risk Management, Treasury or Finance Department.
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3.
| Working Group on Enhanced Risk Coverage
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| | The WG will examine the proposals for enhanced risk coverage for implementation in Saudi Arabia including the following:
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| | • Securitization |
| | • Trading Book |
| | • Counterparty Credit Risk
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| | The WG will particularly focus on Basel III proposals in relation to the above items. Banks should be represented by a senior staff members from Risk Management, Treasury or Finance Department.
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4.
| Working Group on Enhanced Pillar 2 Reforms
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| | This Working Group will focus on Basel III proposals on Pillar 2 related reform, and their impact on ICAAP, Supervisory Review process.
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5.
| Pillar 3 Reforms
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| | As in the past, Saudi Central Bank will continue to develop any refinements in Prudential Templates and Guidance notes through the Chief Financial Officers' Committee
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