Regulatory Alerts2019-03-14
Added · Updated
Central Bank of Jordan Circular on Stress Testing and Sensitivity Analysis for Banks
The Central Bank of Jordan requires banks operating in the Kingdom to conduct sensitivity analysis and scenario tests based on data as of December 31, 2018. Sensitivity tests must be applied at both the branch level within Jordan and the consolidated reporting level, while scenario tests are restricted to the branch level only. Banks must submit completed results using the attached templates by the end of April 2019.
In the name of Allah, the Most Gracious, the Most Merciful
Central Bank of Jordan
Ref: 2002/2/23 Date: 7/7/1440 AH Corresponding Date: 14/3/2019 AD
Circular to Banks Operating in the Kingdom
Greetings,
Based on the Instructions for Stress Testing of Banks Operating in Jordan No. (2016/1) dated (2016/12/06), we hereby enclose the required sensitivity analysis tests and scenario tests that banks must perform based on data as of 31/12/2018. Sensitivity tests shall be applied at the level of bank branches in Jordan and at the consolidated data level, whereas scenario tests shall be applied at the level of bank branches in Jordan only. The results of these tests must be submitted to us, filled out according to the attached forms, no later than the end of April 2019. The Central Bank will continue to provide banks with the required tests annually, taking into account risk developments at the local, regional, and international levels.
Please accept our highest regards.
Governor Dr. Ziad Fries
P.O. Box 37 • Amman 11118 Jordan • Tel: 4630301 • Fax: 4638889 • Website: www.cbj.gov.jo • Email: info@cbj.gov.jo
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