Jordan Securities Commission and Association of Banks in Jordan Sign MoU to Enhance Joint Cooperation and Coordination
Amman3 min read
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The Jordan Securities Commission (JSC) and the Association of Banks in Jordan (ABJ) signed a Memorandum of Understanding (MoU) today at the Commission's headquarters, aiming to strengthen frameworks for joint cooperation and coordination between the two sides and develop areas of mutual interest, in line with the laws, regulations, and instructions governing the work of each.
The MoU was signed by the Chairman of the Jordan Securities Commission, His Excellency Mr. Imad Abu Haltam, and the Director General of the Association of Banks in Jordan, Dr. Maher Al-Mahruq, in the presence of the members of the Commission's Board of Commissioners.
The MoU comes within the framework of both parties' keenness to consolidate institutional cooperation, enhance the exchange of expertise, knowledge, and information, and leverage the available capabilities and expertise of each. This contributes to supporting efforts aimed at developing the financial sector in the Kingdom and enhancing the efficiency of financial markets and their related working environment.
The two parties also agreed to enhance cooperation in a number of areas of mutual interest, including the exchange of expertise and knowledge, conducting joint studies and research projects that align with the goals and objectives of both the Commission and the Association, serving mutual interests, and supporting the development of the financial sector.
The memorandum also includes cooperation in preparing and organizing periodic training programs, lectures, and events directed at entities related to the financial sector in general and financial markets in particular, meeting the current and future needs of the financial sector in the Kingdom, and contributing to raising the level of awareness and knowledge regarding relevant practices and developments.
As part of human resource development, the two parties agreed to cooperate in organizing training programs aimed at qualifying and developing the human resources of each, according to current and future training needs and priorities, and in compatibility with areas of mutual interest.
The MoU also stipulates enhancing technical cooperation between specialists from both sides, exchanging relevant expertise and practices, as well as cooperating in providing and exchanging consultations and expertise, upon request, regarding the review and evaluation of legislation and policies governing the work of both parties, thereby contributing to the development of related regulatory frameworks.
The MoU forms an institutional framework for continuous cooperation between the Jordan Securities Commission and the Association of Banks in Jordan, enhancing communication, coordination, and knowledge- and expertise-sharing channels, and supporting joint efforts aimed at developing the financial sector and financial markets in the Kingdom, in line with best practices and relevant developments in the financial sector locally and internationally.
