Al-Sayari on Saudi banking industry

In this speech, His Excellency Hamad Saud Al-Sayari, the governor of Saudi Arabian Monetary Agency (SAMA), says the central bank is currently directing the kingdom's banks towards the adoption of Basel II standard by 1st January 2008. The governor adds that he "expect all banks to easily meet the required capital requirements."

Al-Sayari also discussed risk management and corporate governance in Saudi banks, and noted that Basel II will assist the process of these aspects. The governor also

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