High-Level Summary Technical Assistance Reports

Jordan: Developing Supervisory Review and Evaluation Process SRP Framework

Author/Editor:

Nehmat H Hantas ; Sebastien Clanet

Publication Date:

March 15, 2024

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The International Monetary Fund (IMF)’s Middle East Regional Technical Assistance Center (METAC) is currently assisting the Central Bank of Jordan (CBJ) in enhancing its risk-based supervision through the development of a Supervisory Review and Evaluation SRP framework inspired from European Central Bank (ECB) methodology. The Technical Assistance (TA) mission is part of a multi-step medium-term project. The TA mission aimed to design, in coordination with CBJ, a progressive multi-step roadmap defining the major milestones for a full implementation of SRP. The mission noted that several dimensions should be taken into consideration when implementing the SRP, most notably bridging the data gap by building a fully-fledged supervisory risk database through a dedicated IT project, assessing whether the current organization of the Banking Supervisory Department should be adjusted, and progressively cover all material sources of risks in the SRP.

Series:

High Level Summary Technical Assistance Report No. 2024/010

Subject:

Financial regulation and supervision International organization Monetary policy Risk-based supervision

Frequency:

Regular