Regulatory Alerts2020-01-01
Board of Directors Resolution No. 62 of 2020
The Central Bank of Jordan issued Board of Directors Resolution No. 62 of 2020 to establish comprehensive regulations for the management of non-performing loans and the restructuring of debt obligations. The resolution mandates that banks implement specific internal controls, risk assessment frameworks, and reporting mechanisms to identify and handle distressed assets effectively. It further outlines the procedural requirements for debt restructuring agreements, ensuring transparency and compliance with national financial stability standards.
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