Consolidated Supervision
—SBP has been monitoring banking groups on consolidated basis.
—A joint task force (JTF) with SECP has also been set up for coordination and cooperation on supervision of financial conglomerates.
—Some of the main achievements are as follows:
—Identification of group structures of all banks and major conglomerates,
—Mapping of ownership and shareholding structures of banking groups, including parent, subsidiaries, associations and sibling entities under common control of banks’ sponsors,
—Ongoing assessment of banking groups,
—Regular sharing and discussion of information and regulatory assessments & concerns with SECP
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