The Regulatory Framework for Microfinance Companies and The Instructions of The Central Bank of Jordan

Overview:

This program aims to empower employees of microfinance companies to understand the regulatory framework and Central Bank of Jordan directives to ensure compliance and enhance institutional performance. The program seeks to strengthen participants’ capacity to effectively implement regulations, contributing to customer rights protection, transparency enhancement, and operational risk reduction. Additionally, it supports institutions in adopting best governance practices to ensure the delivery of sustainable financial services that promote financial inclusion and economic growth in Jordan.

Main Topics

• Regulatory Framework for Microfinance Institutions in Jordan.
• Directives of the Central Bank of Jordan.
• Compliance Management and Internal Control.
• Best Practices in Corporate Governance.
• Enhancing Transparency and Accountability in Microfinance Institutions.
• Strategies for Improving Operational Efficiency and Reducing Risks.
• Adapting to Regulatory Changes.

Objectives

• Raise awareness of the principles of the regulatory framework for microfinance institutions and its role in protecting beneficiaries and ensuring transparency.
• Understand the Central Bank of Jordan’s directives for microfinance companies, including regulatory rules and compliance procedures.
• Develop participants’ skills in applying compliance standards and regulatory reporting to minimize institutional risks.
• Strengthen institutions’ ability to adapt to regulatory changes and update their policies in alignment with Central Bank requirements.
• Provide practical tools to improve corporate governance and ensure the delivery of effective and secure financial services.

Target Audience

All employees of microfinance institutions.