Regulatory Alerts2017-08-23
Added · Updated
Central Bank of Jordan Instructions on Governance and Management of Information and Associated Technology No. 2016/65
The Central Bank of Jordan mandates all licensed banks and foreign branches to implement governance and management of information and associated technology in alignment with the COBIT 5 framework. Banks must establish specific committees, including a Technology Governance Committee and a Steering Committee, and develop a tailored governance manual within 150 days. The regulations require banks to achieve Maturity Level 3.2 within 18 months and Level 5.2 within three years, while ensuring qualified internal and external IT audits are conducted and reported annually.
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