Please refer to FSD Circular No. 1 of 2016 dated January 14, 2016 notifying creation of Financial Stability Department (FSD) at State Bank of Pakistan (SBP).

2. Consequent upon establishment of FSD, some of the functions including assessment of resilience of Banks/DFIs towards stress tests and monitoring of related party exposures, large exposures, restructured/rescheduled loans and equity exposures, being performed by the Offsite Supervision and Enforcement Department (OSED) and Banking Policy and Regulations Department (BPRD), have been transferred to FSD.

3. All banks/DFIs are, therefore, advised to submit the returns/ reports related to above functions to FSD as per prescribed timelines. The list of returns/reports, to be submitted to FSD, along with their reference circulars/circular letters is attached at Annex-A.
4. Please acknowledge receipt.

Encl: Annexure A – FSD Circular Letter No. 1 of 2016