Regulatory Alerts2022-04-17
Added · Updated
Central Bank of Jordan Cloud Computing Guideline
The Central Bank of Jordan issued this guideline to regulate the use of cloud computing technology by banks, financial institutions, exchange companies, microfinance institutions, and credit bureaus. The document mandates specific governance structures, requiring board approval of cloud policies and senior management oversight of risk assessments and provider due diligence. It establishes detailed obligations for data security, access management, business continuity, and the termination of services to mitigate operational and compliance risks associated with outsourcing.
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