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Develop and document a three-year funding strategy, which must be provided to SAMA on request;
ii.
Maintain an ongoing presence in its chosen funding markets and strong relationships with funds providers; and
iii.
Regularly gauge its capacity to raise funds quickly. It must identify the main factors that affect its ability to raise funds and monitor those factors closely to ensure that estimates of fund-raising capacity remain valid.
94.
The funding strategy must be reviewed and approved by the GM/CEO of the FBB, at least annually, and supported by robust assumptions in line with the FBB’s liquidity management strategy and business objectives.
95.
The funding strategy must be reviewed and updated, at least annually, to account for, at a minimum, changed funding conditions and/or a change in the FBB’s strategy. An FBB must advise SAMA of any material changes to the FBB’s funding strategy.
