Regulatory Alerts2024-07-01
Added · Updated
Central Bank of Jordan Circular No. 10/1/10457 Amending IFRS 9 and AAOIFI Standards
The Central Bank of Jordan amends the instructions for applying IFRS 9 and AAOIFI standards to align them with the Instructions for Classifying Credit Exposures and Calculating Impairment Provisions No. (8/2024). The amendments require licensed banks to harmonize credit exposure stage classifications, update automated system governance requirements, and reduce the aggregate measurement threshold from JD 250,000 to JD 150,000. These changes become effective on January 1, 2025.
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