SBP restructures supervision, launches Cyber Risk Department

MG News | December 13, 2024 at 08:33 PM GMT+05:00

0:00

December 13, 2024 (MLN): To further strengthen regulatory oversight, the State Bank of Pakistan (SBP) has reorganized its three existing Banking Supervision Departments into two new units; Banking Supervision Department-1 (BSD-1) and Banking Supervision Department-2 (BSD-2).

A detailed list of regulated entities allocated to each department has been shared.

The central bank has also introduced a new "Cyber Risk Management Department (CRMD)" under its Banking Supervision Group.

This department will focus on on-site and off-site supervision of cyber security risks faced by regulated entities.

The Directors have already assumed charge of their respective departments for a smooth transition and continued focus on robust regulatory practices.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	156,177.82 367.85M	-0.00% -3.12
ALLSHR	95,630.38 1,498.37M	-0.06% -60.44
KSE30	47,678.47 206.79M	-0.08% -35.92
KMI30	229,682.22 174.86M	-0.02% -39.87
KMIALLSHR	64,366.76 638.47M	-0.08% -53.31
BKTi	41,922.80 89.51M	-0.11% -46.72
OGTi	31,735.79 16.87M	-0.80% -255.97

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	116,015.00	117,685.00 115,625.00	-1075.00 -0.92%
BRENT CRUDE	68.31	68.59 67.79	-0.16 -0.23%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	93.50	93.50 93.50	0.15 0.16%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	64.38	64.67 63.83	-0.14 -0.22%
SUGAR #11 WORLD	16.27	16.59 16.26	-0.29 -1.75%