Regulatory Consistency Assessment Programme (RCAP) - Assessment of Basel III Liquidity Coverage Ratio 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 Liquidity Coverage Ratio (LCR) standards in Saudi Arabia. The LCR standards implemented in the Kingdom of Saudi Arabia are assessed overall as "largely compliant", indicating that most but not all provisions of the Basel standards were met. This is one notch below the highest overall grade. 

The report also provides information on the local implementation of the Committee's Principles for sound liquidity risk management and the monitoring tools for liquidity risk.