State Bank of Pakistan overhauling risk management, annual review says
Central bank is improving its risk management approach
The State Bank of Pakistan (SBP) is working to upgrade its risk management functions, according to its annual performance review for fiscal 2015, published on October 30.
The central bank said it had "considerably improved" its internal control framework over the year, developing codes of ethics and conduct. It is also working to enhance its risk identification, monitoring and reporting mechanisms by introducing "industry standard" technology, with the aim of dealing with the "inherent
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