Regulatory Alerts2020-07-14
Added · Updated
Central Bank of Jordan Circular No. 2020/31 regarding the Implementation of the Basel III Framework
The Central Bank of Jordan mandates that all licensed banks implement the Basel III framework, requiring compliance with capital adequacy, liquidity coverage ratio, net stable funding ratio, and leverage ratio standards. Banks must submit reports using specified formats and adhere to a phased implementation schedule for these requirements. The circular takes effect immediately upon its issuance on March 14, 2020.
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