Regulatory Consistency Assessment Programme (RCAP) - Assessment of Basel III risk-based capital regulations - Saudi Arabia

Through its Regulatory Consistency Assessment Programme (RCAP), the Basel Committee monitors the timely adoption of regulations by its members, assesses their consistency with the Basel framework and analyses the quality of intended regulatory outcomes. The RCAP also helps member jurisdictions to identify deviations from the Basel framework and assesses their materiality. 

This report describes the Committee's assessment of the implementation of the Basel capital standards in Saudi Arabia. The assessment outcomes for the Kingdom of Saudi Arabia are highly positive and reflect various amendments to the risk-based capital rules undertaken by the authorities during the assessment. The Basel Committee noted that several aspects of the domestic rules in the Kingdom of Saudi Arabia are more rigorous than required under the Basel framework. Overall, the domestic implementation of the risk-based capital framework is found to be "compliant" with the Basel standards as all 14 components are assessed as "compliant". This is the highest possible grade.