For Cyber Security: SBP issues new framework
The instructions aim to enhance the proactive environment in financial institutions
PHOTO: AFP
KARACHI:
The State Bank of Pakistan (SBP) has issued Enterprise Technology Governance and Risk Management Framework for Financial Institutions. The framework, which has been developed after extensive consultation with both internal and external stakeholders, is based on principles of international standards for technology governance and risk management including cyber security. It aims to provide enabling regulatory environment for managing risks associated with the use of technology. The instructions aim to enhance the proactive environment in financial institutions to various aspects of the information technology, security, operations, audit and related domains. It also aims to create safe and secure technology operations in institutions that will benefit and enhance the confidence of all the stakeholders.
Published in The Express Tribune, May 31st, 2017.
The State Bank of Pakistan (SBP) has issued Enterprise Technology Governance and Risk Management Framework for Financial Institutions. The framework, which has been developed after extensive consultation with both internal and external stakeholders, is based on principles of international standards for technology governance and risk management including cyber security. It aims to provide enabling regulatory environment for managing risks associated with the use of technology. The instructions aim to enhance the proactive environment in financial institutions to various aspects of the information technology, security, operations, audit and related domains. It also aims to create safe and secure technology operations in institutions that will benefit and enhance the confidence of all the stakeholders.
Published in The Express Tribune, May 31st, 2017.