In January 2016, the Basel Committee on Banking Supervision published the standard "Minimum Capital Requirements for Market Risk". The new standard sets out revised minimum capital requirements for Market Risk and replaces the existing minimum capital requirements for market risk in the global regulatory framework applicable in Saudi Arabia from 1 January 2019.
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Since publication, the Committee has received a number of questions on the published standards text and has agreed to periodically review Frequently Asked Questions (FAQs) and publish answers along with any technical elaboration of the standards text and interpretative guidance that may be necessary to promote consistent global implementation of the standard. This document sets out the first set of responses to questions that have been received.
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The Banks should access the BCBS document from BIS website www.bis.org. Should you need any clarifications, please contact Mr. Tariq Javed at email: t_javed@sama.gov.sa, Mr. Qaiser Noor at email: qnoor@sama.gov.sa or Mr. Waleed AIMaqawshi at email: walmaqawshi@sama.gov.sa
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