Regulatory Alerts2016-10-25
Added · Updated
Central Bank of Jordan Instructions on Governance and Management of Information and Related Technology No. 65/2016
The Central Bank of Jordan issued Instructions No. 65/2016, effective eighteen months after issuance, requiring all licensed banks in Jordan to establish a governance framework for information technology aligned with the COBIT 5 standard. Banks must form a Board-level IT Governance Committee and an Executive IT Steering Committee, develop a specific governance code within 150 days, and publish it publicly. The instructions mandate that banks achieve Maturity Level 3.2 within eighteen months and Level 5.2 within three years, while submitting compliance reports to the Central Bank every six months.
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