Objective
| No: 44047144 | Date(g): 27/12/2022 | Date(h): 4/6/1444 | Status: In-Force |
The objectives of this Guidance Note is to clarify SAMA’s policy on the scope of application of the SAMA’s Basel Framework and the corresponding reporting requirements in view of banks’ enquiries on the revised Framework issued by SAMA in 2021 and 2022 as well as setting out SAMA’s expectations on banks’ group-wide risk oversight and monitoring practices. Banks should refer to the relevant policies on the specific requirements of the SAMA’s Basel Framework.