Attachment 5.7: IRB Recognition Process
| No: BCS 290 | Date(g): 12/6/2006 | Date(h): 16/5/1427 | Status: No longer applicable |
Effective from Jan 01 2008 - Dec 31 2007
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| Banks submits IRB recognition request to SAMA |
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| Pre-examination meeting between bank and SAMA (Self –assessment questionnaires given to bank) |
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| Completion of self-assessment by bank |
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| Review of self-assessment by SAMA |
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| SAMA conducts on-site examination on bank |
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| SAMA issues examination report, including decision on whether to allow bank to use IRB Approach |
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| SAMA follows up implementation of recommendations in examination report, and monitors performance of bank‘s systems. |
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