Publication:
Financial Sector Assessment Program Update : Saudi Arabia - Basel Core Principles for Effective Banking Supervision

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dc.contributor.authorInternational Monetary Fund
dc.contributor.authorWorld Bank
dc.date.accessioned2013-10-01T17:26:02Z
dc.date.available2013-10-01T17:26:02Z
dc.date.issued2011-09
dc.description.abstractThis assessment of Saudi Arabian Monetary Agency's (SAMA) compliance with the basel committee's core principles for effective banking supervision was conducted by a mission to Saudi Arabia during April 9-20, 2011. The assessment was carried out as part of a Financial Sector Assessment Program (FSAP) update undertaken by the International Monetary Fund (IMF) and the World Bank at the request of the Saudi authorities. The authorities requested that the assessment of compliance be conducted using only the essential criteria in the methodology. This assessment was based on a review of laws, regulations, policies and practices in place at the time. The financial system is subject to risks reflecting the openness of the economy and dependence on the hydrocarbon sector, as well as the size of the market. Saudi Arabia implements International Financial Reporting Standards (IFRS) for banks and insurance companies and is served by the major accounting firms. There has been no need to provide emergency liquidity assistance (ELA) to any bank in recent years. The conditions in which SAMA will provide ELA would be determined on a case-by-case basis, as will the terms on which such ELA will be provided.en
dc.identifierhttp://documents.worldbank.org/curated/en/2011/09/18170274/saudi-arabia-basel-core-principles-effective-banking-supervision-detailed-assessment-observance
dc.identifier.doi10.1596/15972
dc.identifier.urihttps://hdl.handle.net/10986/15972
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTING
dc.subjectACCOUNTING PRINCIPLES
dc.subjectAFFILIATED COMPANIES
dc.subjectAFFILIATES
dc.subjectAMOUNT OF RISK
dc.subjectANTI-MONEY LAUNDERING
dc.subjectAPPROVAL PROCESS
dc.subjectARREARS
dc.subjectASSET CLASS
dc.subjectASSET QUALITY
dc.subjectAUDIT COMMITTEE
dc.subjectAUDITING
dc.subjectAUDITORS
dc.subjectAUTONOMY
dc.subjectBALANCE SHEET
dc.subjectBANK ASSET
dc.subjectBANK ASSETS
dc.subjectBANK BRANCHES
dc.subjectBANK MANAGEMENT
dc.subjectBANK OFFICIALS
dc.subjectBANKING ASSETS
dc.subjectBANKING INDUSTRY
dc.subjectBANKING LAW
dc.subjectBANKING LAW REFORM
dc.subjectBANKING LAWS
dc.subjectBANKING REGULATION
dc.subjectBANKING SECTOR
dc.subjectBANKING SUPERVISION
dc.subjectBANKING SYSTEM
dc.subjectBANKRUPTCY
dc.subjectBANKS
dc.subjectBID
dc.subjectBORROWER
dc.subjectBUSINESS PLAN
dc.subjectBUSINESS PLANS
dc.subjectBUSINESS STRATEGY
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL ADEQUACY RATIOS
dc.subjectCAPITAL BASE
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL PLANNING
dc.subjectCAPITAL REQUIREMENT
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCAPITALIZATION
dc.subjectCASH RESERVES
dc.subjectCENTRAL BANKS
dc.subjectCENTRAL GOVERNMENTS
dc.subjectCOLLATERAL
dc.subjectCOLLATERAL REGIME
dc.subjectCOLLATERAL REMAINS
dc.subjectCOMMERCIAL BANKS
dc.subjectCONFLICT OF INTEREST
dc.subjectCONFLICTS OF INTEREST
dc.subjectCONSOLIDATED SUPERVISION
dc.subjectCONTINGENCY PLANNING
dc.subjectCORPORATE CREDIT RISK
dc.subjectCORPORATE GOVERNANCE
dc.subjectCOUNTRY RISK
dc.subjectCOUNTRY RISKS
dc.subjectCREDIBILITY
dc.subjectCREDIT APPROVAL
dc.subjectCREDIT BUREAU
dc.subjectCREDIT FACILITIES
dc.subjectCREDIT GROWTH
dc.subjectCREDIT LOSSES
dc.subjectCREDIT POLICIES
dc.subjectCREDIT PROCESSES
dc.subjectCREDIT REPORTING
dc.subjectCREDIT REPORTING SYSTEM
dc.subjectCREDIT RISK
dc.subjectCREDIT RISK MANAGEMENT
dc.subjectCREDIT SQUEEZE
dc.subjectCREDITS
dc.subjectCREDITWORTHINESS
dc.subjectCRITERIA FOR INVESTMENTS
dc.subjectCROSS-BORDER BANKING
dc.subjectDEPOSIT
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPOSIT LIABILITIES
dc.subjectDEPOSITOR
dc.subjectDEPOSITS
dc.subjectDERIVATIVE
dc.subjectDERIVATIVES
dc.subjectDISCLOSURE REQUIREMENTS
dc.subjectDOMESTIC BANKS
dc.subjectEMPLOYMENT
dc.subjectEMPLOYMENT OPPORTUNITIES
dc.subjectENFORCEMENT PROCEDURES
dc.subjectEXTERNAL AUDITORS
dc.subjectFACILITATION
dc.subjectFAMILY BUSINESS
dc.subjectFAMILY RELATIONSHIPS
dc.subjectFINANCE COMPANIES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INFRASTRUCTURE
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL SECTOR ASSESSMENT
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL STATEMENTS
dc.subjectFINANCIAL STRENGTH
dc.subjectFINANCIAL SUPPORT
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL SYSTEMS
dc.subjectFOREIGN BANK
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE TRANSACTIONS
dc.subjectGOOD FAITH
dc.subjectGUARANTOR
dc.subjectHEDGE FUND
dc.subjectHOLDING
dc.subjectHOLDINGS
dc.subjectHOUSING
dc.subjectHOUSING LOANS
dc.subjectINFORMATION SHARING
dc.subjectINFORMATION SYSTEM
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINSTALLMENT
dc.subjectINSTALLMENT SALES
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE RISK
dc.subjectINTERNAL AUDIT
dc.subjectINTERNAL AUDITS
dc.subjectINTERNAL CONTROLS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL BANKS
dc.subjectINTERNATIONAL FINANCIAL INSTITUTIONS
dc.subjectINTERNATIONAL INVESTORS
dc.subjectINTERNATIONAL LENDING
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTMENT ACTIVITIES
dc.subjectINVESTMENT PORTFOLIOS
dc.subjectLAWS
dc.subjectLEGAL AUTHORITY
dc.subjectLEGAL BARRIERS
dc.subjectLEGAL CULTURES
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL PROTECTION
dc.subjectLEGAL PROVISIONS
dc.subjectLEGAL REQUIREMENTS
dc.subjectLEGAL SYSTEMS
dc.subjectLEGISLATION
dc.subjectLENDERS
dc.subjectLENDING EXPOSURES
dc.subjectLEVEL OF RISK
dc.subjectLEVEL PLAYING FIELD
dc.subjectLINES OF CREDIT
dc.subjectLIQUID ASSET
dc.subjectLIQUID ASSETS
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY ASSISTANCE
dc.subjectLIQUIDITY MANAGEMENT
dc.subjectLIQUIDITY RISK
dc.subjectLOAN
dc.subjectLOAN CLASSIFICATION
dc.subjectLOAN PORTFOLIO
dc.subjectLOAN PORTFOLIOS
dc.subjectMARKET RISK
dc.subjectMARKET RISKS
dc.subjectMARKET SHARE
dc.subjectMARKET SHARES
dc.subjectMARKET STRUCTURE
dc.subjectMINIMUM CAPITAL REQUIREMENT
dc.subjectMONETARY FUND
dc.subjectMORTGAGE
dc.subjectMORTGAGE LOANS
dc.subjectNEW ENTRANTS
dc.subjectNONPERFORMING LOAN
dc.subjectNPL
dc.subjectOFF BALANCE SHEET
dc.subjectOPERATIONAL INDEPENDENCE
dc.subjectOPERATIONAL RISK
dc.subjectOWNERSHIP STRUCTURE
dc.subjectPOLICY RESPONSE
dc.subjectPROFITABILITY
dc.subjectPRUDENTIAL REGULATION
dc.subjectPRUDENTIAL REQUIREMENTS
dc.subjectPRUDENTIAL STANDARDS
dc.subjectREAL ESTATE
dc.subjectREAL ESTATE COLLATERAL
dc.subjectREGULATORY FRAMEWORK
dc.subjectREPAYMENT
dc.subjectREPAYMENT DIFFICULTIES
dc.subjectRETAINED EARNINGS
dc.subjectRETURN
dc.subjectRETURN ON ASSETS
dc.subjectRETURN ON EQUITY
dc.subjectRETURNS
dc.subjectRISK EVALUATION
dc.subjectRISK EXPOSURES
dc.subjectRISK MANAGEMENT
dc.subjectRISK MANAGEMENT STRATEGIES
dc.subjectRISK MANAGEMENT SYSTEMS
dc.subjectRISK PROFILE
dc.subjectRISK PROFILES
dc.subjectSECURITIES
dc.subjectSHARE OF ASSETS
dc.subjectSHAREHOLDER
dc.subjectSHAREHOLDERS
dc.subjectSOLVENCY
dc.subjectSUBSIDIARIES
dc.subjectSUPERVISION OF BANKS
dc.subjectSUPERVISORY AUTHORITIES
dc.subjectSUPERVISORY AUTHORITY
dc.subjectSUPERVISORY FRAMEWORK
dc.subjectSUPERVISORY POWERS
dc.subjectTERRORISM
dc.subjectTIER 1 CAPITAL
dc.subjectTRADING
dc.subjectTRANSACTION
dc.subjectTRANSFER RISK
dc.subjectTRANSFER RISKS
dc.subjectTRANSPARENCY
dc.subjectUNSECURED LOANS
dc.subjectVAR MODELS
dc.titleFinancial Sector Assessment Program Update : Saudi Arabia - Basel Core Principles for Effective Banking Supervisionen
dspace.entity.typePublication
okr.date.disclosure2013-08-30
okr.date.doiregistration2025-05-07T09:11:17.656975Z
okr.doctypeEconomic & Sector Work::Financial Sector Assessment Program (FSAP)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2011/09/18170274/saudi-arabia-basel-core-principles-effective-banking-supervision-detailed-assessment-observance
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeFinance and Markets
okr.guid938971468152961989
okr.identifier.externaldocumentum000333037_20130830122539
okr.identifier.internaldocumentum18170274
okr.identifier.report80736
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/08/30/000333037_20130830122539/Rendered/PDF/807360ESW0Saud00Box379814B00PUBLIC0.pdfen
okr.region.administrativeMiddle East and North Africa
okr.region.countrySaudi Arabia
okr.sectorFinance :: General finance sector
okr.themeRule of law :: Legal institutions for a market economy
okr.themeFinancial and private sector development :: Regulation and competition policy
okr.themeFinancial and private sector development :: Standards and financial reporting
okr.themeFinancial and private sector development :: Other financial and private sector development
okr.themeTrade and integration :: International financial architecture
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicLaw and Development::Banking Law
okr.topicFinance and Financial Sector Development::Financial Intermediation
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicBanks and Banking Reform
okr.unitFinancial Sector Assessment Prog (FFSFP)
okr.volume1 of 1
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