tailieunhanh - Lecture Legal and regulatory aspects of banking supervision – Chapter 12

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: TWELVE Summary of previous Session Review of International Experience Perspectives of Institutional Structure of Regulator / Supervisor Regulation, Financial system and the economy Over-Regulation Universal Functions Role of the Central Bank No universal model 2 Summary of this previous (Contd.) Possible dilemmas of institutional structures Use of resources Skills and Remuneration Corporate Governance Political Independence 3 Agenda of this 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 4 Agenda of this session (Contd.) Management Structure Corporate Management Team Other Major Management Committees Subsidiaries of State Bank of Pakistan Banking Services Corporation National Institute of Banking . | MBF-705 LEGAL AND REGULATORY ASPECTS OF BANKING SUPERVISION OSMAN BIN SAIF Session: TWELVE Summary of previous Session Review of International Experience Perspectives of Institutional Structure of Regulator / Supervisor Regulation, Financial system and the economy Over-Regulation Universal Functions Role of the Central Bank No universal model 2 Summary of this previous (Contd.) Possible dilemmas of institutional structures Use of resources Skills and Remuneration Corporate Governance Political Independence 3 Agenda of this 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 4 Agenda of this 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) 5 Governance Structure of State Bank of Pakistan 6 Governance Structure of State Bank of Pakistan The governance framework of State Bank of Pakistan (SBP) is specified in the State Bank of Pakistan Act, 1956 amended at times to make it more autonomous. The Act provides for an independent Central Board of Directors and empowers it with general superintendence and direction of affairs and business of the Bank. 7 Governance Structure of State Bank of Pakistan (Contd.) The governor is the chairperson of the Central Board and manages the affairs of the Bank on its behalf. Except for the governor, all directors of the Central Board are non-executive. 8 Governance Structure of State Bank of Pakistan (Contd.) The committees constituted by the Central Board comprises of non-executive directors and representatives from the management. They carry out comprehensive review and analysis of the various proposals before these are taken to the Central Board. 9 Governance Structure of