Regulatory Alerts2026-07-14
Added · Updated
Instructions for the Internal Capital Adequacy Assessment Process
The Central Bank of Jordan mandates all banks operating in the Kingdom to implement an Internal Capital Adequacy Assessment Process (ICAAP) covering the banking group, branches, and subsidiaries. Banks must submit the ICAAP document annually by the end of April, with approval from the Board of Directors or Regional Manager. The instructions require banks to establish robust governance, identify all material risks, and integrate the ICAAP with risk management frameworks, stress testing, and recovery plans. The Central Bank retains the authority to impose additional capital requirements or corrective actions based on the Supervisory Review Process.
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