The following will be discussed in this chapter: Governance structure of state bank of pakistan, central board of directors, governor of state bank of pakistan, corporate secretary, committees of the central board,. | MBF-705 LEGAL AND REGULATORY ASPECTS OF BANKING SUPERVISION OSMAN BIN SAIF Session: THIRTEEN Summary of previous session Governance Structure of State Bank of Pakistan Central Board of Directors Members Governor of State Bank of Pakistan Corporate Secretary Committees of the Central Board Audit Investment Building Projects Human Resource Monetary and Credit Policies 2 Summary of previous session (Contd.) Management Structure Corporate Management Team Other Major Management Committees Subsidiaries of State Bank of Pakistan Banking Services Corporation National Institute of Banking and Finance (NIBAF) 3 Agenda of this Session Core Functions of the State Bank of Pakistan Main Responsibilities of the State Bank of Pakistan. Regulation of Liquidity Ensuring the soundness of financial system Exchange rate management and balance of payments Developmental Role of the State Bank of Pakistan. 4 Core Functions of State Bank of Pakistan State Bank of Pakistan is the Central Bank of the country. . | MBF-705 LEGAL AND REGULATORY ASPECTS OF BANKING SUPERVISION OSMAN BIN SAIF Session: THIRTEEN Summary of previous session Governance Structure of State Bank of Pakistan Central Board of Directors Members Governor of State Bank of Pakistan Corporate Secretary Committees of the Central Board Audit Investment Building Projects Human Resource Monetary and Credit Policies 2 Summary of previous session (Contd.) Management Structure Corporate Management Team Other Major Management Committees Subsidiaries of State Bank of Pakistan Banking Services Corporation National Institute of Banking and Finance (NIBAF) 3 Agenda of this Session Core Functions of the State Bank of Pakistan Main Responsibilities of the State Bank of Pakistan. Regulation of Liquidity Ensuring the soundness of financial system Exchange rate management and balance of payments Developmental Role of the State Bank of Pakistan. 4 Core Functions of State Bank of Pakistan State Bank of Pakistan is the Central Bank of the country. While its constitution, as originally laid down in the State Bank of Pakistan Order 1948, remained basically unchanged until 1st January 1974 when the Bank was nationalized, the scope of its functions was considerably enlarged. 5 Core Functions of State Bank of Pakistan (Contd.) The State Bank of Pakistan Act 1956, with subsequent amendments, forms the basis of its operations today. 6 Core Functions of State Bank of Pakistan (Contd.) Under the State Bank of Pakistan Order 1948, the Bank was charged with the duty to "regulate the issue of Bank notes and keeping of reserves with a view to securing monetary stability in Pakistan and generally to operate the currency and credit system of the country to its advantage". 7 Core Functions of State Bank of Pakistan (Contd.) The scope of the Bank’s operations was considerably widened in the State Bank of Pakistan Act 1956, which required the Bank to "regulate the monetary and credit system of Pakistan and to foster its growth in the best .
