Consolidated
Supervision
—The SBP-SECP JTF is
presently working on the development of specific trigger points for financial
conglomerates which will be used as early warning system to initiate more
frequent and focused discussions between JTF members in respect of distressed
conglomerates.
—SBP is also in
consultation process for making certain amendments in the banking law to
secure necessary regulatory powers in respect of banking groups, formalize the
roles of lead and functional supervisors, and introduce the concept of
non-operating holding company structure.