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Banking Supervision Dept.

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November 2011

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Saudi Arabian Monetary Agency All Banks

Managing Directors, Chief Executive Officers and General Managers Global Sys,temically Important Banks: Assessment Methodology and the Acfditional Loss Absorbency Requirement

The Basel Committee on Banking Supervision has published a document entitled "Global Systemically Important Banks: Assessment Methodology and the Additional Loss Absorbency Requirement" that relates to the subject of global systemically important banks. The Agency is issuing this document for information purposes only, where the paper specifically focuses on regulatory reforms to improve the resilience of Globally Systemically Important Financial Institution (G-SIFls) in order to protect banking systems from the wider spillover from such large institutions. In the near future, the Agency may use the methodology described in this paper for supervising Domestic SIFls in Saudi Arabia.

We suggest that Banks should access these papers from Bank for International Settlements website: (http://www.bis.org) and distribute these to its relevant managers.

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Dr. Abdulrahman AI-Hamidy Vice Governor

� P. 0. Box 2992 - Riyadh 11169, Saudi Arabia

\Tel.: 0 1-463 3000 - Telex 404390 SJ - Fax

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^{1-466 2119}