Regulatory Alerts2017-06-15
Added · Updated
Instructions for Dealing with Locally Systemically Important Banks No. (2/2017)
The Central Bank of Jordan requires locally systemically important banks (D-SIBs) to hold additional Common Equity Tier 1 capital surcharges ranging from 0.125% to 2.5% of risk-weighted assets, phased in over four years based on a calculated systemic importance score. D-SIBs must also implement enhanced corporate governance, risk management frameworks, and specific supervisory measures, including regular meetings with the regulator and stress testing. Furthermore, these banks are mandated to develop and maintain recovery plans to address critical financial distress and ensure operational continuity, with a compliance deadline of eighteen months from the instruction's effective date.
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