Financial Markets Strategy & Conduct Department (FSCD)

   About Us

   Objectives:-

Financial Markets Strategy & Conduct Department is one of the three new Departments constituted on restructuring of Exchange and Debt Management Department (EDMD) and Investment Services Cell (ISC) on September 14, 2006.

The Department is responsible to formulate Policies & Regulate conduct of Domestic Money, Exchange, Securities, and Derivatives Markets as well as to disseminate market data/analysis and to set-up strategies/ products for market development.

   Functions:-

To fulfill above, the Department has been divided into three Divisions, each Division is sub-divided into different units. A brief description of each division is given as under: -

   Markets Policy & Regulations (MPRD)::-

a) Review & formulate Market related Policies/Regulations vis-à-vis FEEL, CRR/SLR, Dealers Code of Conduct, Public Debt Act, Market Settlement Issues, PD System, Interbank Brokerage monitoring etc.
b) Secretariat for the Derivatives Approval & Review Team (DART).
c) Review & coordinating with BID/BSD on enforcement of Treasury specific inspection comments vis-à-vis existing regulations governing FX, Derivatives & Debt Markets.
d) Policy issues pertaining to FEBC, DBC, FCBC, SUDB etc.
e) Coordination with relevant Market Associations, Committees & Players e.g., FMAP, PBA Sub-Committee on Treasury & Capital Markets, etc.

   Market Analysis & Forecasting (MAFD):-

a) Exchange Rate & FX Market Analysis
b) Analysis of Money and Debt Markets
c) Derivatives market analysis.
e) Preparation of monthly market update/ Quarterly FM Review.
f) Liquidity Forecasting & Data base Management of Permanent & Floating Debts
g) Assist in formulation of Sovereign Domestic Debt plan.
h) External Debt maturity Profile.

   Market & Product Development Strategies (MPDS):-

a) Product development initiatives for Sovereign Debt instruments. Derivatives products/strips, Islamic Instruments etc.
b) Market Development projects like…Listing of GOP Securities. Automated Auction/Payment System. IFSB Standards & Islamic market Development. Market Systemic Issues and Market Benchmarks.
c) Market Publications.
d) Secretariat of EDIT & DMCT meetings.
e) FX/MM Derivatives Market Analysis for MPC.