SBP Technology Governance & Risk Management for Banks
Gap analysis and readiness for banks, DFIs and microfinance banks against SBP’s Enterprise Technology Governance and Risk Management Framework.
The State Bank of Pakistan issued its Enterprise Technology Governance and Risk Management Framework in 2017 for financial institutions such as commercial banks, Islamic banks, development finance institutions and microfinance banks.
The State Bank of Pakistan issued its Enterprise Technology Governance and Risk Management Framework in 2017 for financial institutions such as commercial banks, Islamic banks, development finance institutions and microfinance banks. It is risk based, so institutions apply it in proportion to their size, products and technology complexity, and boards are expected to oversee progress. Not every SBP requirement applies to every institution, so we confirm applicability first. Payment institutions are covered by our separate banking, payments and fintech service. Which requirements apply depends on your organization, its sector and the rules that govern it.
What the engagement covers
- Confirmation of which SBP requirements apply to your institution and how they apply in proportion to its size and complexity
- Gap analysis against the framework across technology governance, security including cybersecurity, operations and audit
- Policy and control update planning
- Board and senior management reporting on progress
- Follow-up reviews of implemented controls
- Regulatory context from SBP’s Cyber Shield strategy where appropriate
- Readiness and advisory support only, with no regulator approval implied
Understand. Prioritize. Enable.
How we deliver SBP technology governance & risk management for banks, step by step.
- 01
Confirm what applies
We establish your institution type and which parts of the framework apply, and in what proportion.
- 02
Assess the gaps
Governance, security, operations and audit practice are compared with the framework.
- 03
Plan the changes
Findings become a prioritized plan of policies, controls and owners, with reporting for the board.
- 04
Review progress
Follow-up reviews check that the changes work and that evidence is ready.