Dr. Maher "Sheikh Hasan"

PROFESSIONAL WORK EXPERIENCE

Central Bank of Jordan , since 2012

Deputy Governor, Vice Chairman of the Board of Directors

International Monetary Fund

Deputy Division Chief, European, Central Asian and Middle Eastern Regions Division, Monetary & Capital Markets Department (MCM) 7/2009 to 1/2012

Main responsibilities:

Monitoring and analyzing financial stability issues in European, Central

Asian and Middle Eastern regions and providing policy and technical advice to

authorities and IMF teams in these regions in collaboration with other

technical divisions in MCM.

Reviewing and assessing the financial sector issues (prior conditions and

benchmarks) in IMF programs.

Leading Financial Sector Assessment Programs (FSAPs) and Technical

Assistance (TA) missions; initiating and overseeing staff research and

other projects; liaising with other units of MCM, the IMF and national

authorities; overseeing the development of information systems; planning

and financing TA; and fostering staff.

Actively involved in research projects related to the impact of the global

crisis, financial stability,stress testing, Islamic finance and macroprudential

policy framework.

Senior Economist/ Economist, Middle East and Central Asia Department

4/2005 to 7/2009

Main responsibilities:

As a desk economist for Kuwait and a member of varying country teams

(Saudi Arabia, UAE, Oman and Syria), contributed to economic reports for

the IMF Executive board. Reports were based on discussions during

frequent missions to the client country and extensive quantitative

macroeconomic analysis.

Actively involved in research projects related to exchange rate regime

choice, exchange rate assessment, inflation, and financial sector issues in

the MENA region including capital markets, financial stability, and Islamic

finance.

Central Bank of Jordan

Assistant Director, Banking Supervision Department 4/2003 to 3/2005

Director, Governor’s Office

Supervision & Banking Expert, Governor’s Office

Main responsibilities:

Advising the Governor and his deputies on issues related to banking and

banking supervision.

Actively involved in defining a strategy to upgrade the supervision in the

Banking Supervision Department (BSD) and setting the work plan for that.

Actively involved in the resolution of problem banks. Work involved the

preparation of a strategy for their resolution, reviewing the MOUs of

merger and setting the elements of the final agreements with the

receiving banks.

Actively involved in drafting and negotiating Memorandums of

Understanding (MoUs) with other supervisory authorities inside and

outside Jordan in issues related to cross-border supervision, sharing of

supervisory information and cooperation.

Working with the BSD in developing an Early Warning System for the

Jordanian banking system. Work involved defining the variables to be used

in the system and building the econometric framework.

Preparing suggested framework for the Central Bank of Jordan's risk

management system.

Supervising the BSD work on the adoption of a prompt corrective action

framework, a civil money penalties system, universal banking, and Basel

II.

Senior Analyst, Banking Supervision Department 9/2001–

3/2003

Main responsibilities:

Analyzing macro and prudential indicators for the banking system in

Jordan. Work involved defining a set of prudential and macroeconomic

indicators that could be used to assess potential vulnerabilities in the

financial system, in addition to undertaking sectoral analysis and stress

testing.

Assisting in initial work for developing an Early Warning System for the

Jordanian banking system. Work involved defining the variables to be used

in the system, chairing the committee chartered to build the database,

and suggesting an econometric analysis framework.

Actively involved in the resolution of problem banks. Work involved

undertaking the main responsibility for the evaluation of the conditions of

problem banks and the preparation of a strategy for their resolution.

Financial Analyst, Banking Supervision Department 1/1994–

8/1997

Main responsibilities:

Financial sector analysis. Work involved preparing periodic reports to the

CBJ management summarizing the trend in the main financial and

macroeconomic variables and the aggregate prudential indicators.

Financial analysis of banks’ financial statements. Work involved conducting

semi-annual and annual financial analysis of banks’ financial positions and

prudential indicators based on their financial statements. Preparing policy

and background papers on bank merger, liquidation, licensing, and

branching.

Other professional work experiences

Chairman of the Jordan Loan Guarantee Corporation (JLGC) since 2012

Vice Chair of the National Committee of the Anti -Money Laundering and Counter

Terrorist Financing Unit since 2012

Vice Chairman of Jordan National Payment Council since 2012

Board member of the Social Security Corporation (2012) and Head of the Governance Committee (2012) and Risk Management Committee (2014)

Member of the Technical Committee for the Management of the General Public Debt / Ministry of Finance since 2012 .

Council member of the Ministry of Awqaf and Islamic Affairs since 2012

Member of the FSB Regional Consultative Group for the Middle East and North Africa (MENA) since 2012 .

Visiting Professor at Washington State University, Summer 2002 and Summer

2004. Independent instructor for Money and Banking, Department of Economics, Washington State University, Summer 1999, Fall 2000, and Spring 2001.

Member of the Capital Adequacy working group of the Islamic Financial Services Board (IFSB) May 2003 to 2005.

Awards

Winner of 2011 annual award for exceptional effort, Monetary and Capital Markets (MCM) Department, IMF.

Winner of European, Central Asian and Middle Eastern Regions division 2011 annual

award for exceptional leadership , Monetary and Capital Markets (MCM)

Department, IMF.

Winner of 2001 William R. Wiley Research EXPO, Washington State University-

wide Research Exposition for Graduate Students

2000-2001 Teaching Assistant Excellence Awards

BETA GAMMA SIGMA, the Honor Society for AACSB Accredited Business

Programs.

EDUCATION

Ph.D. in Economics, Washington State University, Pullman, WA, 2001.

M.S. in Statistics, Washington State University, Pullman, WA, 2001.

M.A. in Economics, University of Jordan, Amman, Jordan, 1996.

B.A. in Economics, Minor in Finance, Yarmouk University, Irbid, Jordan,

1993.

SELECTED PAPERS

Christian Schmieder, Claus Puhr, and Maher Hasan, “Next Generation Balance

Sheet Stress Testing” IMF Working Paper 11/83 (Washington: International

Monetary Fund), 2011. Link to the tool.

Hasan, Maher, Jemma Dridi,” Put to the Test” Finance & Development December

2010 (Washington: International Monetary Fund), 2010.

Hasan, Maher, Jemma Dridi,” The Effects of the Global Crisis on Islamic and

Conventional Banks: a Comparative Study” IMF Working Paper 10/201

(Washington: International Monetary Fund), 2010.

Hasan, Maher, Hesham Alogeel “The Inflationary Process in the GCC Region”,

Monetary Policy Frameworks and Strategies in the MENA, Edited by David

Cobham, Ghassan Dibeh, Routledge series on political economy of the Middle

East and North Africa, 2010.

Hasan, Maher and others, “The Impact of the Global Financial Crisis on the Gulf

Cooperation Council Countries and Challenges Ahead”. IMF (Washington:

International Monetary Fund), 2010.

Hasan, Maher, Hesham Alogeel, “Understanding the Inflationary Process in the

GCC Region: The Case of Saudi Arabia and Kuwait” IMF Working Paper 08/193

(Washington: International Monetary Fund), 2008.

Hasan, Maher, Jemma Dridi, “The Impact of Oil-Related Income on the

Equilibrium Real Exchange Rate in Syria” IMF Working Paper 08/196

(Washington: International Monetary Fund), 2008.

Hasan, Maher and others (MCD staff), “The GCC Monetary Union—Choice of

Exchange Rate Regime,” IMF Board paper, 2008.

Ahsan Mansur, Fernando Delgado and Maher Hasan 2008, “GCC Equity Markets

Developments: An Overview”, Stock Market Developments in the Countries of the

Gulf Cooperation Council (Macmillan 2008).

Maher Hasan 2008, “Kuwait Stock Exchange Corrections: Why Was It Moderate?”

Stock Market Developments in the Countries of the Gulf Cooperation Council

(Macmillan 2008).

Fernando Delgado and Maher Hasan 2008, “The Saudi Stock Market in a Regional

Context”, Stock Market Developments in the Countries of the Gulf Cooperation

Council (Macmillan 2008).

Rakia Moalla-Fetini, Jemma Dridi, Maher Hasan, Stephane Cossé, Dale Chua , and

Patrick Imam “Syrian Arab Republic: Selected Issues”, IMF Country Report No.

06/295, (Washington: International Monetary Fund), 2008.

Hasan, M., Ron C. Mittelhammer, Wahl, T., “Using Improved GHK Simulator in

Simulated Maximum Likelihood Estimation of A Consumer Demand System Under

Binding Non-Negativity Constraints: An Application To Chinese Household Food

Expenditure Data” Working paper, Washington State University, 2004.

Hasan, Maher, Ron C. Mittelhammer, “On Starting Values for Estimation of

Censored Equation Systems” Working paper, Washington State University, 2004.

Hasan, Maher, Fahs, Rafic. Ron C. Mittelhammer, Wahl, T., “Estimation of System

of Censored Limited Dependent Variables Models Using Simulated ML and GMM

Estimation Methods.” Presented in the AAEA Meeting Chicago, August 2001.

Hasan, Maher, “Credit Channel of Monetary Transmission Mechanism and Bank

Portfolio Decisions.” Working paper, Central Bank of Jordan, November 2001.

Hasan, Maher, “The Significance of Basel 1 and Basel 2 for the Future of the

Banking Industry with Special Emphasis on Credit Information.” Presented in the

Credit Alliance/ Information Regional Meeting in Amman, 3–4 April 2002.

Hasan, M., Ron C. Mittelhammer, Dasgupta, N. “Comparing the Performance of

the Convex-Hull and GHK Simulators in Estimating Multinomial Probit and Ranked

Ordered Probit Models.” Working paper, Washington State University.

د. ماهر خليل الشيخ حسن

الخبرة العملية المهنية

(1/2012)منذ البنك المركزي األردني

نائب رئيس مجلس االدارة، نائب المحافظ

(2005/2012-4/1) صندوق النقد الدولي ل ، إدارة الشؤون النقدية وأسواق رأس الما أوروبا وآسيا الوسطى والشرق األوسطقسم نائب رئيس

(7/2009-1/2012 )

أهم المسؤوليات:

.االستقرار المالي في دول أوروبا وآسيا الوسطى والشرق األوسطمراقبة وتحليل -

م ع األقساماالستقرار المالي بالتعاون و السياسة النقديةتقديم النصح والمشورة لهذه للدول في مجاالت - .الفنية في إدارة الشؤون النقدية وأسواق رأس المال

لمالي في برامج التصحيح االقتصادي تقييم ووضع شروط الصندوق المتعلقة بالقطاع ا مراجعة و - . التي تتم مع الدول األعضاء

.عضاءوبعثات المساعدة الفنية للدول األ(FSAP) إدارة وقيادة بعثات برنامج تقييم القطاع المالي -

جان بما في ذلك تمثيل القسم واإلدارة في مختلف الل مساعدة رئيس القسم في كل األعمال اإلدارية - .ج الصندوق الفنية داخل وخار

.اريةاإلشراف ومراجعة أعمال الخبراء في القسم ووضع الخطط ومتابعة تطوير قدراتهم الفنية واإلد -

(6/2009-4/2005، إدارة الشرق األوسط وآسيا الوسطى )خبير اقتصادي /خبير اقتصادي أول

أهم المسؤوليات: -

منطقة الشرق األوسط من خالل تحليل األداء االقتصادي والسياسات االقتصادية للعديد من دول -إعداد تقارير و المشاركة في بعثات الصندوق ل السعودية، الكويت، اإلمارات، سوريا، عمان

الصندوق لهذه الدول.

تقرار تقديم النصح والمشورة لهذه الدول في المجاالت المتعلقة بالسياسات المالية والنقدية واالس - .المالي

قدية من الدراسات واألبحاث والكتب المتعلقة بالسياسات المالية والنإعداد والمساهمة في العديد - .واالستقرار المالي

(3/2005-8/2001و 8/1997–1/1994) البنك المركزي األردني

رفي المص مساعد المدير التنفيذي لدائرة الرقابة على الجهاز ،مدير مكتب المحافظ خبير رقابة وبنوك،(4/2003-3/2005)

المسؤوليات:أهم

تقديم النصح والمشورة للمحافظ ونائبيه في األمور المتعلقة بالجهاز المصرفي والرقابة المصرفية. -

ااال فااي بلااورة إسااتراتيجية تطااوير الرقابااة فااي دائاارة الرقابااة علااى الجهاااز المصاارفي - المشاااركة بشااعل فعف ووضع خطة العمل لذلك.

مذكرات التفاهم التي يوقعها البنك المركزي مع السالطات الرقابياة المشاركة في صياغة والتفاوض على -داخااال وخاااارج المملكاااة فاااي المواضااايع المتعلقاااة بالرقاباااة علاااى المؤسساااات المصااارفية التاااي لهاااا تواجاااد

مصرفي خارجي، وكذلك المواضيع المتعلقة بتبادل المعلومات الرقابية.نااذار مبعاار للجهاااز المصاارفي األردنااي، اياال يتضاامن العماال العماال مااع دائاارة الرقابااة علااى بناااء ن ااام إ -

ام.المتغيرات التي سيتم أخذها بعين االعتبار عند بناء الن ام، وكذلك بناء النموذج اإلاصائي للن الة في معالجة أوضاع البنوك الضعيفة، وذلك من خالل وضع إستراتيجية معالجاة - المشاركة بصورة فعف

، مراجعاااة ماااذكرات دماااج البناااوك الضاااعيفة وشاااروط دماااج هاااذه البناااوك ماااع البناااوك أوضااااع تلاااك البناااوك المشترية )المدمج بها(.

ن اام ،اإلشراف على عمل دائرة الرقابة على الجهاز المصرفي المتعلق با إطار اإلجراءات التصحيحية - .(Basel II)اإلطار الثاني لكفاية رأس المال ،البنوك الشاملة ،الغرامات النقدية

-8/1997،8/2001-1/1994) دائرة الرقابة على الجهاز المصرفي ،محلل مالي، محلل مالي أول

3/2003)

أهم الواجبات:

تحليااال ودراساااة مؤشااارات المتاناااة المالياااة الكلياااة والجزئياااة للجهااااز المصااارفي األردناااي، ويتضااامن العمااال -جهااز يمعن اساتخدامها لتحدياد مادس اساتقرار ال تحديد مجموعة من المتغيرات الرقابية واالقتصادية التي

.(Stress Testing)المالي، إضافة إلى إجراء تحليل قطاعي واختبارات تحمل

المساعدة في العمل األولي لبناء ن ام إنذار مبعار للبناوك العاملاة فاي المملكاة ويتضامن العمال تعريا -زمااة اللجنااة المسااؤولة عاان بناااء قاعاادة البيانااات الالالمتغياارات التااي ساايتم اسااتخدامها فااي الن ااام، رئاسااة

للن ام، واقتراح النموذج اإلاصائي التي يمعن استخدامه.الاااة فاااي معالجاااة أوضااااع البناااوك الضاااعيفة، وذلاااك مااان خاااالل عمااال تقيااايم شاااامل - المشااااركة بصاااورة فعف

ألوضاع تلك البنوك واقتراح إستراتيجية لمعالجة أوضاعها.

خبرات أخرى

(2012رئيس مجلس ادارة الشركة االردنية لضمان القروض ) - ( 2012) لمكافحة غسل األموال وتمويل اإلرهابنائب رئيس اللجنة الوطنية -

(2012نائب رئيس مجلس المدفوعات الوطني األردني ) -

( وادارة 2012عضو مجلس ادارة مؤسسة الضمان االجتماعي ورئيس لجنتي الحوكمة الرشيدة ) - (2014ر الكلية )المخاط

.( 2012عضو اللجنة الفنية إلدارة الدين العام على مستوس األمناء العاميين/ وزارة المالية ) -

( .2012عضو مجلس االوقاف والشؤون والمقدسات االسالمية ) -لمنطقة الشرق األوسط وشمال Regional Consultative Group - RCG عضو لجنة -

( .2012تقرار المالي )افريقيا التابعة لمجلس االس

. محاضر لمادة النقود والبنوك 2004وصيف 2002أستاذ زائر في جامعة والية واشنطن، صيف -، 2000، خري 1999و المؤسسات المصرفية، قسم االقتصاد، جامعة والية واشنطن، صيف

2001وربيع عام

األكاديمية الشهادات

.Washington State University, Pullman, WA (USA), 2001الدكتوراه في االقتصاد

Washington State University, Pullman, WA (USA), 2001 .ماجستير في اإلحصاء

1996. الجامعة األردنية، عمان، األردن، ماجستير في االقتصاد

1993جامعة اليرموك، اربد، األردن، بكالوريوس في االقتصاد.

الشهادات التقديرية والجوائز العلمية

.صندوق النقد الدولي 2011 جائزة إدارة الشؤون النقدية وأسواق رأس المال للجهد االستثنائي للعام .صندوق النقد الدولي 2011 جائزة قسم أوروبا وآسيا الوسطى والشرق األوسط للقيادة االستثنائية للعام

Winner of 2001 William R. Wiley Research EXPO, Washington State University-

wide Research Exposition for Graduate Students

2000-2001 Teaching Assistant Excellence Awards

BETA GAMMA SIGMA, the Honor Society for AACSB Accredited Business

Programs.

مختارة وكتب أبحاثChristian Schmieder, Claus Puhr, and Maher Hasan, “Next Generation Balance

Sheet Stress Testing” IMF Working Paper 11/83 (Washington: International

Monetary Fund), 2011.

Hasan, Maher, Jemma Dridi,” Put to the Test” Finance & Development December

2010 (Washington: International Monetary Fund), 2010.

Hasan, Maher, Jemma Dridi,” The Effects of the Global Crisis on Islamic and

Conventional Banks: a Comparative Study” IMF Working Paper 10/201

(Washington: International Monetary Fund), 2010.

Hasan, Maher, Hesham Alogeel “The Inflationary Process in the GCC Region”,

Monetary Policy Frameworks and Strategies in the MENA, Edited by David

Cobham, Ghassan Dibeh, Routledge series on political economy of the Middle

East and North Africa, 2010.

Hasan, Maher and others, “The Impact of the Global Financial Crisis on the Gulf

Cooperation Council Countries and Challenges Ahead”. IMF (Washington:

International Monetary Fund), 2010.

Hasan, Maher, Hesham Alogeel, “Understanding the Inflationary Process in the

GCC Region: The Case of Saudi Arabia and Kuwait” IMF Working Paper 08/193

(Washington: International Monetary Fund), 2008.

Hasan, Maher, Jemma Dridi, “The Impact of Oil-Related Income on the

Equilibrium Real Exchange Rate in Syria” IMF Working Paper 08/196

(Washington: International Monetary Fund), 2008.

Hasan, Maher and others (MCD staff), “The GCC Monetary Union—Choice of

Exchange Rate Regime,” IMF Board paper, 2008.

Ahsan Mansur, Fernando Delgado and Maher Hasan 2008, “GCC Equity Markets

Developments: An Overview”, Stock Market Developments in the Countries of the

Gulf Cooperation Council (Macmillan 2008).

Maher Hasan 2008, “Kuwait Stock Exchange Corrections: Why Was It Moderate?”

Stock Market Developments in the Countries of the Gulf Cooperation Council

(Macmillan 2008).

Fernando Delgado and Maher Hasan 2008, “The Saudi Stock Market in a Regional

Context”, Stock Market Developments in the Countries of the Gulf Cooperation

Council (Macmillan 2008).

Rakia Moalla-Fetini, Jemma Dridi, Maher Hasan, Stephane Cossé, Dale Chua , and

Patrick Imam “Syrian Arab Republic: Selected Issues”, IMF Country Report No.

06/295, (Washington: International Monetary Fund), 2008.

Hasan, M., Ron C. Mittelhammer, Wahl, T., “Using Improved GHK Simulator in

Simulated Maximum Likelihood Estimation of A Consumer Demand System Under

Binding Non-Negativity Constraints: An Application To Chinese Household Food

Expenditure Data” Working paper, Washington State University, 2004.

Hasan, Maher, Ron C. Mittelhammer, “On Starting Values for Estimation of

Censored Equation Systems” Working paper, Washington State University, 2004.

Hasan, Maher, Fahs, Rafic. Ron C. Mittelhammer, Wahl, T., “Estimation of System

of Censored Limited Dependent Variables Models Using Simulated ML and GMM

Estimation Methods.” Presented in the AAEA Meeting Chicago, August 2001.

Hasan, Maher, “Credit Channel of Monetary Transmission Mechanism and Bank

Portfolio Decisions.” Working paper, Central Bank of Jordan, November 2001.

Hasan, Maher, “The Significance of Basel 1 and Basel 2 for the Future of the

Banking Industry with Special Emphasis on Credit Information.” Presented in the

Credit Alliance/ Information Regional Meeting in Amman, 3–4 April 2002.

Hasan, M., Ron C. Mittelhammer, Dasgupta, N. “Comparing the Performance of

the Convex-Hull and GHK Simulators in Estimating Multinomial Probit and Ranked

Ordered Probit Models.” Working paper, Washington State University.