Regulatory Alerts2019-03-14
Added · Updated
Circular to Banks Operating in the Kingdom
The Central Bank of Jordan requires banks operating in the Kingdom to conduct sensitivity and scenario analysis tests using data as of December 31, 2018. Sensitivity tests must be applied at both the branch and consolidated levels, whereas scenario tests are restricted to the branch level. Banks must submit the completed test results via the attached forms to the Central Bank by the end of April 2019.
In the name of Allah, the Most Gracious, the Most Merciful
[Central Bank of Jordan Logo]
Number: 2002/23 Date: 7/7/1440 AH Corresponding to: 14/3/2019 AD
Circular to Banks Operating in the Kingdom
Greetings,
Based on the instructions for stress tests for banks operating in Jordan No. (2016/1) dated 2016/12/06, enclosed herewith are the sensitivity analysis tests and scenario tests that banks must conduct based on 2018/12/31 data. Sensitivity tests are to be applied at the level of the bank's branches in Jordan and at the consolidated data level, while scenario tests are to be applied only at the level of the bank's branches in Jordan. The results of the tests, filled according to the attached forms, must reach us by the end of April/2019 at the latest. The Central Bank will continue to provide banks with the required tests annually, taking into account risk developments at the local, regional, and international levels.
Please accept our highest regards,
Governor Dr. Ziad Fariz
P.O. Box 37 • Amman 11118 Jordan • Tel 4630301 • Fax 4638889 • Website: www.cbj.gov.jo • Email: info@cbj.gov.jo