Basel Committee assesses Saudi Arabia's implementation of the NSFR regulation and the large exposures framework

Press release  | 
27 September 2018

The Basel Committee on Banking Supervision has today published two reports assessing the implementation of the Net Stable Funding Ratio (NSFR) and the large exposures (LEX) framework in the Kingdom of Saudi Arabia.

Overall, the NSFR regulations and the LEX framework in the Kingdom of Saudi Arabia are found to be "compliant" with the Basel standards. This is the highest of the four possible assessment grades.

These publications form part of the Committee's Regulatory Consistency Assessment Programme (RCAP), a series of reports on Basel Committee members' implementations of Basel standards.

The Basel Committee plans to complete its review of the implementation of the NSFR and the LEX framework for all member jurisdictions by September 2020. The timetable for these assessments is available at

Notes to editors

The Basel Committee on Banking Supervision consists of senior representatives of bank supervisory authorities and central banks. Member countries include Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Hong Kong SAR, India, Indonesia, Italy, Japan, Korea, Luxembourg, Mexico, the Netherlands, Russia, Saudi Arabia, Singapore, Spain, South Africa, Sweden, Switzerland, Turkey, the United Kingdom, and the United States.

The RCAP is a central element of the Basel Committee's continuing efforts to promote timely adoption of its standards and to monitor its members' full and consistent compliance with the Basel framework. The RCAP also helps member jurisdictions identify deviations from the Basel framework, weigh the materiality of any deviations and undertake necessary reforms. Based on the findings of these assessments, many assessed jurisdictions have already amended their regulations to align them more closely with the Basel framework, thereby helping to promote global financial stability and achieve a level playing field for internationally active banks.