Regulatory Alerts2019-08-19
Added · Updated
Instructions for Dealing with Domestic Systemically Important Banks (D-SIBs) No (2/2017)
The Central Bank of Jordan mandates that licensed banks meeting a systemic importance score of 0.15 or higher are classified as Domestic Systemically Important Banks (D-SIBs) and subject to additional capital surcharges. These surcharges, calculated based on Common Equity Tier 1 Capital ratios, range from 0.125% to 2.5% and must be fully implemented over a four-year period starting from the end of 2017. D-SIBs are required to submit specific annual data by mid-March for score updates and must comply with enhanced qualitative requirements, including robust corporate governance, risk management frameworks, and recovery plans, within 18 months of classification.
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