Technical Assistance Reports

Jordan: Technical Assistance Report-Developing Supervisory Review and Evaluation Process SRP Framework

Publication Date:

March 15, 2024

Electronic Access:

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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:

Technical Assistance Report No. 2024/020

Subject:

Bank supervision Commercial banks Credit risk Financial institutions Financial regulation and supervision International organization Monetary policy Risk-based supervision

Frequency:

regular