Researches & Studies

The International Association of Deposit Insurers (IADI) publishes a variety of Research Guidance and Core Principles to enhance the effectiveness of deposit insurance and exchange of expertise and information on deposit insurance issues. In June 2009, the Basel Committee on Banking Supervision (BCBS) and the International Association of Deposit Insurers (IADI) published Core Principles for Effective Deposit Insurance Systems. The Principles were revised in October 2014 which improves the role of deposit insurers in several aspects, including reimbursement speed, coverage, funding, governance and crisis management.

JODIC, through its membership in the IADI Executive Council (EXCO), the Core Principles and Research Council Committee (CPRC), the Member Relations Council Committee (MRC), and the Islamic Deposit Insurance Technical Committee (IDITC), is always keen to keep pace with the latest developments in the deposit insurance field. The year 2019 was crowned with the issuance of the Royal Decree approving the amended law of the Deposit Insurance Corporation (JODIC), Law No. (8) Of the year 2019. JODIC's amended law included the mandatory membership of Islamic banks under the deposit insurance umbrella in accordance with the Shariah Principles. It also granted JODIC a vital role by expanding its responsibilities to collaborate with the Central Bank of Jordan (CBJ) in the resolution process in line with the banking law amendments, in addition to paying the insurance sum due to an insured deposits holder without a claim.

The Corporation continually strives to develop its staff’s skills, knowledge and capabilities to fulfill its mandate efficiently and effectively. JODIC's capacity building expertise is underpinned by its seasoned experienced and established competencies in the deposit insurance specialty.