Saudi Central Bank seeks feedback on draft Banking Law
- Date: 26-Jan-2023
- Source: Zawya
- Sector:Financial Services
- Country:Saudi Arabia
Saudi Central Bank seeks feedback on draft Banking Law
The Saudi Central Bank (SAMA) is seeking public feedback on the draft Banking Law, which aims to provide stability and growth in the sector.
The public and stakeholders can share their views and comments on the draft law through National Competitiveness Center's public consultation platform within 30 working days, the central bank said in a statement.
The draft law is up-to-date with the latest developments in the banking sector to encourage investment, protect depositors and consumers, and contribute to the kingdom's financial stability.
The proposed law comes from SAMA's ongoing internal evaluations and is developed following the recommendations issued by relevant international organisations.
Moreover, the draft law is expected to continue regulating the banking sector as effectively as the current Banking Control Law, the statement said.
The major highlights include expanding the definition of banking business, determining the objectives and scope of the law, ensuring consumer protection, and enhancing the legal framework of the deposit protection fund.
In addition, the draft will focus on the application of secrecy obligation, establishing a legal framework to regulate financial technology, digital banking, open banking, RegTech, big data, as well as updating violations, crimes, and penalties framework.
The feedback will be assessed before the final draft is submitted to the regulatory
;
When it gets too big to fail, the law no longer matters.
Western Rules-based order: “change the country’s laws to bypass a shareholder vote.” Largest shareholder with 37% of Crédit Suisse is Saudi National Bank
Hilariously desperate. Meanwhile, Trump's son-in-law, Jared, received $2 billion from Saudi Arabia. Nothing to see. Jared and Ivanka made between $172-$640 million while working in the White House. Ignore that. Trump as POTUS had a secret Chinese bank account. Ignore that too.
Biden: bought and paid for by China and Ukraine. What the actual fuck dude… https://twitter.com/bennyjohnson/status/1636407181749764104
He took away the Frank-Dodd regulations that would have prevented these latest Railroad accidents don't forget as well as the Bank failures regulations. He allowed his son in law and daughter to walk away from Saudi Arabia with a 2 Billion dollar check after Jan. 6th
Another investigation into Trump has begun. New York federal prosecutors are conducting a criminal investigation into Donald J Trump’s Truth Social company. They are now examining whether the company violated money laundering statutes by accepting $8m with suspected Russian ties.
Are Bailouts coming to #Europe
#Swiss Law Makers scramble to contain the rout at @CreditSuisse after #Saudi National Bank backs out.
Banking stocks continue to fall
#business #fintech #london #europe #law #banking #CreditSuisse #Crypto #BITCOIN #Crisis #Economy
🤣🤣🤣🤣
Russia has owned Trump since 1987.
He has Chinese Bank accounts.
His daughter had Chinese Patents fast tracked by Xi Jinping himself
His Daughter & Son-In-Law received $2 Billion for who knows what from Saudi Arabia?
BTW are these Facts Are Verifiable. @CottermanRoger
Hey you dipshit trolls this will cause you to loose your shit 🤣🤣🤣🤣
He doesn’t understand the irony of his video. He’s talking about people getting millions from China but his father has a bank account in China. His brother-in-law got billions from Saudi Arabia. And he himself said they got the majority of their money from Russia.Sit down Junior.
Junior says Hunter Biden’s laptop is the reason for the Chinese balloon.
Islamic law order Saudi Arabian institutions to normally proceed about Kinis Glevina to can come there to informations about her biological parents and more.
With 50 000 euros in the bank account.
ONU, UN order French government to normally proceed for the victims and children
Saudi Central Bank Seeks Public Consultation on Draft Banking Law #Banking via http://twinybots.ch https://www.sama.gov.sa/en-us/news/pages/news-814.aspx
Saudi Central Bank Seeks Public Consultation on Draft Banking Law
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http://alriyadhdaily.com/article/866dba2e6a3a46fc985ba4dd5feb85ee
Saudi Central Bank Seeks Public Consultation on Draft Banking Law #Banking via http://twinybots.ch https://www.sama.gov.sa/en-us/news/pages/news-814.aspx
The #SaudiCentralBank (SAMA) is seeking public feedback on the draft #Banking Law, which aims to provide stability and growth in the sector http://ow.ly/tKzs50MAP2V
#Saudi Central Bank Seeks Public Consultation on Draft Banking Law https://buff.ly/3XETSip
Saudi Central Bank seeks feedback on draft Banking Law http://s.einnews.com/pu2cpBPlX9
Investment Banking at its Best ... #banking #market #stockmarket #hedgefunds #stocks #options #crypto #spy https://news.google.com/__i/rss/rd/articles/CBMid2h0dHBzOi8vd3d3Lnphd3lhLmNvbS9lbi9idXNpbmVzcy9iYW5raW5nLWFuZC1pbnN1cmFuY2Uvc2F1ZGktY2VudHJhbC1iYW5rLXNlZWtzLWZlZWRiYWNrLW9uLWRyYWZ0LWJhbmtpbmctbGF3LXd4bmtjdG5o0gF9aHR0cHM6Ly93d3cuemF3eWEuY29tL2VuL2J1c2luZXNzL2JhbmtpbmctYW5kLWluc3VyYW5jZS9zYXVkaS1jZW50cmFsLWJhbmstc2Vla3MtZmVlZGJhY2stb24tZHJhZnQtYmFua2luZy1sYXctd3hua2N0bmg_YW1wPTE?oc=5
Saudi Central Bank Seeks Public Consultation on Draft Banking Law #Banking via http://twinybots.ch https://www.sama.gov.sa/en-us/news/pages/news-814.aspx
SAMA reduces minimum paid-up capital for finance firms supporting SMEs .
Sun, 2023-01-22 13:17
RIYADH: The Saudi Central bank, also referred to as SAMA, has announced adding a subtitle to an existing law, which reduces the minimum paid-up capital for https://postly.app/1yFE
The Party that fraudulently promotes America First supports a former President that had secret bank accounts wt China, Saudi Arabia, Britain, UAE while serving as President. Made his son-in-law envoy to the Middle East in which Saudi Arabia mysteriously paid Jared $2billion$🤮
Get this during trump's presidency and still he has bank accounts in Russian Chinese and Saudi Arabian banks in those country's isn't that kind of a violation of law as a leader. Just asking.
I’m guessing that Space Karen didn’t ask Jared if his influence as the son- in- law of Mr. Bone Spurs, who attempted to overthrow the government of the United States, had any influence on getting his billions in loans from the Saudi Bone Bank at the game.
So all this was because #QElon didn't want you to know he was flying to Qatar to suck up to his war criminal investors with slumlord millionaire Jared Kushner at the #WorldCupFinal?
The Saudi Central Bank (SAMA) Seeks Public Consultation on Draft Amendment to Article (8) of Implementing Regulation of Finance Companies Control Law
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http://alriyadhdaily.com/article/e2c4ea4207bc44a283747beb8f438de7
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