SBP to disclose significant enforcement actions in order to strengthen market discipline

MG News | August 06, 2019 at 01:24 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

August 6, 2019: The State Bank of Pakistan (SBP) has decided to publicly disclose significant enforcement actions in order to bring more transparency and strengthen market discipline, an official notice to the Presidents, Chief Executives of all Banks, DFIs, MFBs, and Exchange Companies said on Tuesday.

Enforcement actions are an integral part of regulatory regime which involves imposition of monetary penalties and other actions against institutions and individuals for violations of laws, rules, regulations, guidelines or directives issued by SBP from time to time.

SBP shall disclose the aforesaid actions as per following format through its website:

Sr. No	Date of Action	Institution	Nature of offence
1	2	3	4

Moreover, the notice informed that SBP may choose not to publish a particular action or delay publication under exceptional circumstances.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	181,036.63 112.70M	0.40% 725.41
ALLSHR	109,365.75 340.63M	0.35% 377.60
KSE30	53,855.96 41.22M	0.27% 142.99
KMI30	254,371.41 44.15M	0.41% 1026.99
KMIALLSHR	70,080.15 183.36M	0.43% 302.74
BKTi	52,111.74 11.39M	-0.02% -9.24
OGTi	35,944.85 6.67M	0.72% 256.41

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,985.00	64,115.00 63,375.00	530.00 0.84%
BRENT CRUDE	88.60	89.07 87.67	-0.38 -0.43%
RICHARDS BAY COAL MONTHLY	105.50	0.00 0.00	-5.25 -4.74%
ROTTERDAM COAL MONTHLY	122.55	123.00 121.90	0.45 0.37%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	82.84	83.30 81.90	-0.43 -0.52%
SUGAR #11 WORLD	16.43	17.11 16.22	-0.30 -1.79%