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13.2

The PMA started publishing its indicator for the business cycle (PMABCI) on a monthly basis since November 2012. 


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PMA has signed a MOU with the Central Bank of Jordan on Feb 4th , 2008 which was renewed on May 4th, 2009, and another MOU with the Central Bank of Egypt on March 25th, 2010 aiming to sort out the relationships between the two supervisory authorities, and set out the most essential elements recommended by Basel Committee on Banking Supervision to establish bilateral relationships between the supervisory authorities in different countries. These elements include effective cooperation and exchange of information between home supervisors and host supervisors required for conducting consolidated supervision of banking groups of significant cross-border operations in multiple jurisdictions.

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