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4.1 Banks’ Roles and Responsibilities for the ILAAP

Effective from 2020-10-17 - Oct 16 2020
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i.A Bank should produce, at least once per year, an ILAAP approved and signed by the Board of Directors.
 
ii.A bank is required to demonstrate to SAMA that its ILAAP processes are comprehensive, rigorous and ensures that it has liquidity that is commensurate with its risk profile.
 
iii.A bank is required to put in place ILAAP processes and methodologies based on SAMA requirements and on its strategic and operational plans as set by its Board of Directors.