The Presidents/ Chief Executives
All Banks/ DFIs
Implementation of Operational Risk Management Framework
Please refer to the BPRD Circular No. 04 of May 20, 2014, BPRD Circular Letter No. 04 of February 15, 2016 and BPRD Circular Letter No. 06 of March 24, 2017 on the subject.
2) In this regard, it has been decided to further extend the timeline for reporting of operational loss data to State Bank of Pakistan till issuance of further instructions by SBP on operational loss data collection.
3) All other instructions on the subject shall, however, remain unchanged.
4) Please acknowledge receipt.