Mettis Global News
Mettis Global News

SBP establishes financial institutions resolution department

SBP unveils 2025 schedule for MPC meetings
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December 20, 2024 (MLN): The State Bank of Pakistan (SBP) has established a new department, the Financial Institutions Resolution Department (FIRD).

This department operates under the Banking Policy & Regulations Group and is responsible for resolving issues related to distressed regulated entities in the financial sector.

Additionally, it mentions that Syed Jahangir Shah has been appointed as the Director of FIRD, assuming responsibility for leading the department.

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Posted on: 2024-12-20T21:37:02+05:00