SAMA recommends that all Banks currently engaged in implementing Basel Capital framework in Saudi Arabia should ensure that their relevant staff is fully aware of this document. Further, Bank staff in other areas such as Risk Management, Financial Controls, Compliance Function and Internal Audits should also be familiar with this document. In light of this paper, SAMA over the next few months will also update its relevant guidance document on its Basel framework following which banks will be expected to implement the change. This document can be accessed from the Bank for International Settlement website address: (http://www.bis.org)
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