Central Bank of Jordan Circular No. 2020/31 regarding the Implementation of the Basel III Framework

Central Bank of Jordan Circular No. 2020/31 Date: 14/03/2020 Reference: 2020/31/31

Subject: Implementation of the Basel III Framework

To: All Licensed Banks

Pursuant to the provisions of the Banking Law No. (7) of 1988 and its amendments, and in light of the Central Bank of Jordan's commitment to maintaining the stability of the banking sector and aligning with international best practices, the following is hereby issued:

1. The Central Bank of Jordan hereby approves the implementation of the Basel III framework for licensed banks in the Hashemite Kingdom of Jordan.

2. Licensed banks are required to comply with the capital adequacy, liquidity coverage ratio, net stable funding ratio, and leverage ratio requirements as detailed in the attached guidelines.

3. The compliance date for these requirements shall be determined according to the phased implementation schedule provided in the circular.

4. All licensed banks must submit the necessary reports to the Central Bank of Jordan as per the specified formats and deadlines.

5. This circular takes effect from the date of issuance.

Central Bank of Jordan Governor

Contact Information: Website: www.cbj.gov.jo Email: info@cbj.gov.jo Phone: +962 6 4638889 / 4630301 Fax: +962 6 4638890