Regulatory Alerts2017-06-12
Added · Updated
Central Bank of Jordan Instructions for Dealing with Locally Systemically Important Banks No. 2/2017
The Central Bank of Jordan mandates that banks meeting a systemic importance score of 0.15 or higher be classified as Locally Systemically Important Banks (D-SIBs) and subject to additional capital surcharges. These surcharges, calculated as a percentage of risk-weighted assets, range from 0.125% to 2% and must be phased in over four years based on the bank's score. D-SIBs are further required to enhance corporate governance, submit recovery plans, and comply with specific supervisory procedures within an eighteen-month implementation period.
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