Regulatory Alerts2025-09-29 | FIRD Circular No. 01Guidelines on Core Information Requirements for Resolution Planning
The State Bank of Pakistan mandates that banks provide specific, comprehensive core information to facilitate effective resolution planning and identify potential impediments to their resolvability. This framework requires banks to report detailed data on relevant material entities, core business lines, internal and external dependencies, and critical financial functions to ensure the maintenance of financial stability. Banks must designate senior leadership for internal coordination and provide reasoned justifications for their selected resolution strategies and assessments of function criticality.
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