SAMA’s Revised Amended LCR Ratio Regulations-Operational Deposits
| No: 361000050640 | Date(g): 26/1/2015 | Date(h): 6/4/1436 |
Referring to SAMA's circular No. 361000009335 dated 10/11/2014, we would like to provide further guidance on the implementation of para 93 concerning Operational Deposits. Para 93 requirements include that banks wishing to use a preferential 25% cash flows rate with regard to operational deposits must obtain SAMA's approval. SAMA's approval will be based on the banks compliance with the BCBS requirements outlined in para 94 to104 of the aforementioned SAMA's Revised Guidance document concerning Operational Deposits.
Therefore, as of 01/01/2015 G, banks are required to obtain SAMA's approval with regard to the aforementioned aspect of Operational Deposits.
Accordingly, these instructions must be implemented as of 31/01/2015 G, and the data must be submitted by 28/02/ 2015 G.