KARACHI: The thirtieth (30th) meeting of the Securities and Exchange Commission of Pakistan (SECP) and the State Bank of Pakistan (SBP) Coordination Committee was held here on Thursday at SBP head office Karachi where the participants discussed new developments in the financial sector particularly digital financial services, data sharing, climate related financial disclosures etc.
Governor SBP Jameel Ahmad along with senior officials represented the central bank while Akif Saeed Chairman SECP and other senior officials from his team represented the Securities and Exchange Commission.
Coordination Committee Meeting
Officials of the SECP-SBP Coordination Committee meeting discussed different aspects over the new developments in the financial sector especially digital financial services, promoting financial inclusion, data sharing, climate related financial disclosures, coordination mechanism for bancassurance business and steps required for the uplift of capital market in Pakistan.
SECP-SBP Coordination Committee meetings are high-level meetings between the two regulators, providing a platform for collaborating on matters pertaining to smooth functioning and overall stability of the financial sector. These formal meetings help to enhance the on-going regular coordination between the two regulators on all matters of mutual interest.
