Revised guidelines on Risk Management

In 2019 SBP had revised its ‘Risk Management Guidelines’ of 2003, to introduce new and important developments for managing financial and non-financial risks for FIs.

The revised guidelines were shared with PBA for feedback and the response given by PBA, was followed by necessary changes made by SBP.

In August 2020, SBP informed PBA that additional revisions have been made by them, particularly for, interest rate risk guidelines, operational risk guidelines and credit risk management for IFRS 9.

PBA was requested to again review the guidelines and PBA’s feedback on the same was provided to SBP on September 9, 2020, after input from PBA’s Risk Sub Committe