SBP designates Domestic Systemically Important Banks


ISLAMABAD, Jul 18 (APP):The State Bank of Pakistan (SBP) on Thursday announced the designation of Domestic Systemically Important Banks (D-SIBs) for the year 2019 under the Framework for Domestic Systemically Important Banks (D-SIBs) that was introduced in April 2018.

The framework introduced by State Bank is consistent with the international standards and practices and takes into account the local dynamics, said a SBP press statement received here.

It specifies the methodology for the identification and designation of D-SIBs, enhanced regulatory and supervisory requirements, and implementation guidelines, the statement said adding that these enhanced requirements aim to further strengthen the resilience of the Systemically Important banks against shocks and augment their risk management capacities.