About Us / Departments / Banking Supervision Department - 3  

Banking Supervision Department-3 (BSD-3) plays a pivotal role in meeting SBP’s main responsibility of maintaining soundness of the financial system and safeguarding the interest of depositors, thereby ensuring public confidence in the system. It also strives to safeguard interest of stakeholders through continuous supervisory monitoring and prompt intervention, which is the corner stone of supervisory activities under Risk Based Supervision.

The department develops and monitors risk profiles of banks and exchange companies, which are updated based on supervisory activities under the risk based approach. The risk profiles of banks are dependent on external environment, inherent risks emanating from significant activities, control / governance functions, liquidity, earnings and capital position etc. This process enables BSD-3 in early recognition of key risk areas and aids in implementing appropriate corrective actions in regulated institutions.

All the activities of banks including supervisory assessment, information requisitions, monitoring, enforcement and other actions are conducted as per the SBP Risk Based Supervisory Framework. Whereas, the supervision of exchange companies is based on a designated supervisory framework specially developed for exchange companies. Intensity and frequency of reviews (on-site / off-site) in the supervisory process are a function of rating of the regulated entity. The AML/CFT risk specialist division is placed in BSD-3, which on behalf of Banking Supervision Departments (BSDs) is responsible to monitor industry level information on ML/TF risk, conduct ML/TF/PF risk assessments and feed the supervisory divisions with key information on emerging risks and supervisory concerns.

In addition to ensuring compliance of issues highlighted in the supervisory reviews, BSD-3 is empowered to take enforcement actions against regulated institutions based on supervisory assessments. Such enforcement actions may range from imposition of penalties, administrative & financial sanctions and references to concerned law enforcement / prosecution agencies.

The department in order to support the supervisory practices of Banking Supervision Departments (BSDs), keeps itself abreast of emerging trends in supervisory regime globally and focuses on directing prudential interventions in areas which pose potentially greater risk to an entity’s financial soundness. BSD-3 works in close coordination with other departments / groups of SBP including Banking Supervision Department-1 (BSD-1), Banking Supervision Department-2 (BSD-2), Financial Stability Department (FSD) and Banking Policy & Regulation Group for performing supervisory assessment.

Following is the list of Financial Institutions allocated to Banking Supervision Department - 3.

Sr. No. Sub-Sr. No. Name of Institution
 Commercial Banks
1 1  Faysal Bank Limited
2 2  MCB Bank Limited
3 3  Silkbank Limited
4 4  Soneri Bank Limited
5 5  United Bank Limited
6 6  Industrial Development Bank Limited
 Islamic Banks
7 1  AlBaraka Bank (Pakistan) Limited
8 2  BankIslami Pakistan Limited
9 3  Dubai Islamic Bank Pakistan Limited
10 4  Meezan Bank Limited
11 5  MCB Islamic Bank Limited
 Exchange Companies
12  All Exchange Companies
13  All Exchange Companies Category - B

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