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

_Technical Assistance Reports, March 15, 2024_

## Source details

**Canonical URL:** [Jordan: Technical Assistance Report-Developing Supervisory Review and Evaluation Process SRP Framework](https://www.imf.org/en/publications/technical-assistance-reports/issues/2024/03/15/jordan-technical-assistance-report-developing-supervisory-review-and-evaluation-process-srp-546186)

## Other formats

- [Markdown version](/en/publications/technical-assistance-reports/issues/2024/03/15/jordan-technical-assistance-report-developing-supervisory-review-and-evaluation-process-srp-546186/index.md)
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## Bibliographic details
- Published: March 15, 2024
- Series: Technical Assistance Reports
- DOI: https://doi.org/10.5089/9798400270581.019

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### Summary
- The International Monetary Fund (IMF)’s Middle East Regional Technical Assistance Center (METAC) is assisting the Central Bank of Jordan (CBJ) in enhancing its risk-based supervision through 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 several dimensions to consider 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;
  - progressively covering all material sources of risks in the SRP.

### Major findings
- The SRP framework should be inspired by ECB methodology.
- Implementation requires a progressive multi-step roadmap with clearly defined milestones.
- A critical constraint is the existing data gap; a dedicated IT project to build a supervisory risk database is necessary.
- Organizational assessment of the Banking Supervisory Department is required to determine adjustments for effective SRP implementation.
- The SRP should progressively cover all material sources of risks.

### Policy recommendations and roadmap elements
- Design and adopt a progressive multi-step roadmap for full SRP implementation.
- Develop a dedicated IT project to build a fully-fledged supervisory risk database to bridge the data gap.
- Assess and, if necessary, adjust the organization of the Banking Supervisory Department to support SRP.
- Ensure the SRP progressively covers all material sources of risks, consistent with ECB-inspired methodology.

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## Content in this bundle

- **Tarea2024020**
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_Source: https://www.imf.org/en/publications/technical-assistance-reports/issues/2024/03/15/jordan-technical-assistance-report-developing-supervisory-review-and-evaluation-process-srp-546186_