SAMA seeks opinion on systemically important financial institutions draft law

29/08/2023 Argaam
SAMA headquarters

SAMA headquarters

The Saudi Central Bank (SAMA) is seeking public consultation on the draft implementing regulation of the Systemically Important Financial Institutions Law.

 

The central bank invited stakeholders and the public to send their suggestions and observations on the draft by visiting the National Competitiveness Center’s public consultation platform, Istitlaa.

 

The implementing regulation supports SAMA in fulfilling its mandate to maintain monetary stability, support financial stability, and promote economic growth.

 

The central bank developed the implementing regulation in accordance with its competence stipulated in Article (37) of the Systemically Important Financial Institutions Law, issued by Royal Decree No. (M/38) dated 25/4/1442H.

 

The implementing regulation of the law shall be issued pursuant to a Cabinet resolution.

The Draft Implementing Regulation of the Law of Systemically Important Financial Institutions

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.