Measures Against Violating Banks in the Saudi Banking Control Law
الإجراءات ضد البنك المخالف — نظام مراقبة البنوك
Appointing an adviser to the violating bank, suspending or removing directors or staff, limiting or barring lending and accepting deposits, and requiring corrective steps; asking why a violation continues and for proposed corrections; and license cancellation by the Minister of Finance after Council of Ministers approval.
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Other topics in the Saudi Banking Control Law
Definitions of Banking BusinessLicensing Banking BusinessStatutory Deposit and LiquidityLending Limits and Credit FacilitiesActivities Prohibited to BanksActivities Requiring the Agency's ApprovalBank Boards and ManagersBank Profits and Statutory ReserveAuditing Bank Accounts and Financial StatementsThe Agency's Supervision and InspectionPenalties for Banking Law Violations