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

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

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.

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