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4.1 Banks’ Roles and Responsibilities for the ILAAP
No: 42012157
Date(g): 17/10/2020 | Date(h): 1/3/1442
Effective from Aug 31 2021 - Aug 30 2021 To view other versions open the versions tab on the right
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.
