Regulatory Alerts2022-03-30
Added · Updated
Circular on Pillar II Guidelines for Basel II Supervisory Review
The Central Bank of Jordan issues guidelines requiring banks operating in the Kingdom to implement the Pillar II Supervisory Review framework of the Basel II standards. Banks must submit an internal capital adequacy assessment plan to the Central Bank no later than the end of the first half of 2010, and provide consolidated self-assessment results by the end of 2010 based on data as of June 30, 2010. The directive mandates that banks maintain capital above minimum regulatory ratios, manage risks not covered by Pillar 1 such as concentration and liquidity risks, and adhere to specific governance and reporting obligations outlined in the attached annexes.
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