Supervisory Guidance for Assessing Banks' Financial Instrument Fair Value Practices
No: 301000000768
Date(g): 29/7/2009 | Date(h): 7/8/1430
Effective from Jul 29 2009 - Jul 28 2009 To view other versions open the versions tab on the right
The Basel Committee on Banking Supervision has issued the above named finalized Document, which provides supervisory expectations relevant to Financial Instrument Valuations. The document addresses the subjects of Governance and Controls, Risk management and Reporting for Valuation and Supervisory Assessment of Valuation Practices.
The purpose of SAMA in issuing this document at this time is to provide the Banks with further guidance to strengthen their valuation policies and processes in order to enhance both reliability and consistency. It should be noted that this Guidance does not intend to include additional accounting requirements beyond those already set by the Agency which includes International Accounting Standards.
This document may be obtained from the BIS website: www.bis.org .
