Effective from Oct 01 2019 - Sep 30 2019 To view other versions open the versions tab on the right
The main objectives of these Rules are to enable banks:
i.
To contain the maximum loss a bank could face in the event of a sudden default or failure of a counterparty;
ii.
To manage credit concentration risk emanating from concentrated exposures to single counterparties or groups of connected counterparties, through diversification of credit portfolio;
iii.
To put in place a large exposures framework which complements and serves as a backstop to the risk-based capital requirements;
iv.
To deal effectively with large exposures so as to contribute to the stability of the financial system; and
v.
To ensure broader access to credit for the economic development of the Kingdom.
