kazi abdul muktadir : branchless banking in pakistan speech by mr kazi abdul muktadir, deputy governor of the state bank of pakistan, at the karachi press club, karachi, 9 october 2012. * * * ladies and gentlemen! assalam o alaikum! let me first thank the organizers for inviting me to share my thoughts with the distinguished guests at the opening of atm being installed by summit bank at the karachi press club. it is an opportune moment for me to be here amongst an august gathering of writers and journalists. i would like to place on record my appreciation to the important role played by the members of the karachi press club in the struggle for freedom of expression in the country. karachi press club and the media have always tried to uphold their professional integrity, strength and commitment despite facing a lot of challenges. their untiring effort to provide latest news and write ups and opinions on current issues is the prime responsibility of journalists and in my experience the thirst of media somehow always seems to be unquenched and remains unfulfilled. this in turn has contributed to information explosion and mass awareness that is one of the basis of active democracy. ladies and gentlemen! as press is the part of service sector, banking is also a service provider of financial produces. banking thrives on standards and service rendered by it. standard and consumer protection have to be regulated in order to ensure quality. as banks operate on commercial considerations ; their branch expansion has traditionally been skewed towards big cities and commercial centers. therefore, sbp under its branch licensing policy has made it compulsory for banks to open at least 20 % of their new branches in rural localities and under - served areas. these regulatory measures are bearing fruit and branch penetration in rural areas has started to improve. state bank of pakistan as a supervisor and regulator of the banking industry, is trying to make banking services available at the door step of the people. promoting access to banking services is the corner stone of state bank of pakistan ’ s policy framework. as opening of physical branches, entails substantial costs and is time consuming, sbp has always been encouraging adoption of alternate delivery channels for providing financial services to clients by the banks. access to branch banking is limited by time. the availability of automated teller machines ( atms ) is a convenient and efficient tool to access accounts by clients for cash withdrawals and other related services on a 24 hour 7 day basis. in developed countries, there are three atms

gov / newsevents / speech / quarles20211202a. htm. see bank of england, “ the pra publishes the first of two policy statements for the implementation of the basel 3. 1 standards, ” press release, december 12, 2023, ( “ based on its latest data, the pra estimates that the impact of basel 3. 1 requirements will be low and result in an average increase in tier 1 capital requirements for uk firms of around 3 % once fully phased in …. ” ), https : / / www. bankofengland. co. uk / news / 2023 / december / pra - publishes - first - oftwo - policy - statements - for - basel - 3 - 1 - standards - implementation. - 8subject to the most stringent requirements. regional banks, with $ 10 billion to $ 100 billion in assets, are subject to a somewhat more streamlined capital framework. and finally, the simplest rules are reserved for community banks that rely on a less complex, relationship - based business model. despite the past success in this approach, tailoring has recently come under attack in regulatory reform efforts and applications. 9 some have argued that the bank stress last spring was the result of changes congress made several years ago to promote risk - based and tailored supervision. 10 the theory is that following the implementation of tailoring rules, regulators adopted a less assertive supervisory approach, and that regulators should instead move toward a regime that imposes uniform standards to firms with significant variability in size, risk, complexity, and business model — shifting back to a one - size - fits - all regulatory approach. i have still not seen compelling evidence that removing tailoring is a productive regulatory approach. to the contrary, the existing capital framework demonstrates how the tailored approach can help support appropriate requirements based on firm characteristics. in my mind, the failure to apply tailoring is a fundamental flaw of the basel capital reforms as proposed, and one that must be addressed. the application of today ’ s capital requirements can be illustrated as an incline, with different or enhanced requirements kicking in at specific levels of size and complexity. 11 by contrast, if you were to superimpose the current see michelle w. bowman, “ statement by governor bowman on advance notice of proposed rulemaking on resolution requirements for large banks and application by u. s. bancorp, ” press release, october 14, 2022, https : / / www. federalreser