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General Guidelines for the Working of the Banking Committees

No: 361000042432 Date(g): 7/1/2015 | Date(h): 17/3/1436

Effective from Mar 31 2015 - Mar 30 2015
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SAMA has updated the General Guidelines for the Working of the Banks Committees with a view of enhancing the efficiency and effectiveness of all Committees. The update has incorporated the main recommendations of the Banks’ Chairmans Committee Report dated 11 April 2012 on work done by the Banks’ Special Committee. SAMA had circulated to all banks the revised draft of General Guidelines in May 2014 and received the banks’ comments thereon. These comments have now been taken into consideration in revising the Guidelines. 
 
SAMA would like the Chairman of the Managing Directors Committee to forward these guidelines to the Chairmen of all banking committees for their further distribution and use by the members of the various committees, and ensure the implementation of these guidelines by 31 March 2015.