Summary SBP may choose not to publish particular action or delay publication under exceptional circumstances
KARACHI (Dunya News) – The State Bank of Pakistan (SBP) has decided to publicly disclose significant enforcement actions in order to bring more transparency and strengthen market discipline.
According to an official notice to the Presidents, Chief Executives of all Banks, DFIs, MFBs, and Exchange Companies said on Tuesday, enforcement actions are an integral part of regulatory regime which involves imposition of monetary penalties and other actions against institutions and individuals for violations of laws, rules, regulations, guidelines or directives issued by SBP from time to time.
Moreover, the notice informed that SBP may choose not to publish a particular action or delay publication under exceptional circumstances.
