SBP extends timeline for reporting of operational loss data

The State Bank of Pakistan (SBP) has announced extension in the timeline for reporting of operational loss data. According to BPRD Circular Letter No. 27 of 2017, issued on October 4, 2017, under the implementation of operational risk management framework, it has been decided that a further extension will be given to the timeline for reporting of operational loss data to the State Bank of Pakistan till the issuance of further instructions by the central bank on operational loss data collection.