Circulars/Notifications - Banking Surveillance Department  
 BSD Circular Letter No. 02 of 2008
Apr 29, 2008

The Presidents/Chief Executive Officers
All Banks / DFIs

Dear Sirs/ Madam,

Minimum Capital Requirements – Implementation of Basel II

Please refer to the BSD Circular No. 01 of 2008 dated January 01, 2008 and BSD Circular No. 08 of 2006 dated June 27, 2006 regarding implementation of Basel II in Pakistan.

2. In terms of the issued directives, all banks/DFIs are required to submit to State Bank of Pakistan, Banking Surveillance Department, an action plan latest by April 30, 2008 spelling out the activities and the expected timelines to develop systems for meeting the requirements for advanced approaches as laid down in BSD Circular No. 8 dated June 27, 2006.

3. On the representation of PBA, it has been decided to extend the date for submission of the Action Plan till July 31, 2008. However, banks/DFIs are required to ensure that the plans thus submitted are realistic and reasonable from the perspective of their own capacity and regulatory acceptance.

4. All other instructions on the subject shall remain unchanged.

Please acknowledge receipt.


Yours faithfully,

Sd/-


(LUBNA FAROOQ MALIK)
DIRECTOR

       
Home
About SBP
Publications
Economic Data
Press Releases
Circulars/Notifications
Laws & Regulations
Monetary Policy
Help Desk
SBP Videos
Feedback
Contact us
What's New?
Speeches
Online Tenders
Web Links

Educational Resources
Regulatory Returns
Library
Rupey ko Pehchano
Events
Zahid Husain Memorial Lecture
Careers
Sitemap
 
Best view Screen Resolution : 1024 * 768
Copyright © 2016. All Rights Reserved.