State Bank of Pakistan

12/13/2024 | Press release | Distributed by Public on 12/13/2024 08:57

BSD 1 Circular No. 01 of 2024 Restructuring of Banking Supervision Departments (BSDs)


To Presidents / CEOs / Managing Directors,
Banks / DFIs / MFBs / DBs / EMIs/ PSPs / PSOs / ECs / CBs



Dear Sirs/Madam,

Restructuring of Banking Supervision Departments (BSDs)

It is advised that State Bank of Pakistan (SBP) has reorganized the existing three Banking Supervision Departments into Banking Supervision Deparmtent-1 (BSD-1) and Banking Supervision Department-2 (BSD-2). The list of regulated entities allocated to BSD-1 and BSD-2 is enclosed.

2. In addition, a new department "Cyber Risk Management Department (CRMD)" has been established in the Banking Supervision Group. The CRMD will perform on-site and off-site supervision of cyber security risks of the regulated entities.

3. The Directors have assumed the charge of their respective Department. Specimen signatures of the Directors are appended below:

1. SPECIMEN SIGNATURE:
Sd/-

Syed Mansoor Ali
Director - Banking Supervision Department - 1
Tel. No. 021-99221132, 021- 33113703
Fax No. 021-99212589

2. SPECIMEN SIGNATURE:
Sd/-

Mr. Fazal Mahmood
Director - Banking Supervision Department - 2
Tel. No. 021-99221878, 021- 33113739
Fax No. 021-99212589

3. SPECIMEN SIGNATURE:
Sd/-

Mr. Ali Murtaza
Director - Cyber Risk Management Department
Tel. No. 021-99221208, 021- 33113714
Fax No. 021-99212589

Please acknowledge receipt.

Encl.: Annexure - I

Yours truly,

Sd/-


(Mazhar Ali)
 Joint Director


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