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Article: SBP Governor for amendments in Banking Companies Ordinance to mitigate potential risks.
- Article from:
- PPI - Pakistan Press International
- Article date:
- November 3, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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KARACHI, October 31 (PPI) : State Bank of Pakistan (SBP) has proposed major changes in the Banking Companies Ordinance-1962 to bring all deposit taking Non-Bank Financial Companies (NBFCs) like Investment Banks, Leasing Companies and Housing Finance Companies completely under the fold of SBP. The major rationale behind this move is that these NBFCs are engaged in activities which are quite incidental to banking both on the liability as well as asset side. Bringing such entities under SBP would lead to greater supervisory efficiency as being regulator of banks. Its supervisory approach was well-equipped for their kind of business. The proposed amendments would enable ...
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Article: SBP plans bill to protect banks consumers rights.
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... ... in the Ministry of Finance, SBP will be making consumer protection ... and reinforce these laws. The SBP on its part is focusing on effective ... In the coming years, the financial sector will increasingly be deregulated ... the supervisory regime of the SBP. The main focus of the strategy ...
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