The typical PCA regime is based on CARs and if the CAR falls to below the regulatory minimum CAR certain prescribed actions are triggered. Development of Core Financial Infrastructure. Host of initiatives are under implementation or to be launched. a)  Retail payment system: SBP is launching today the 1st of July 2008 the Pakistan Real Time Gross Settlement (RTGS) system for wholesale transactions.
By contrast, most other developed nations have fewer than 100 separately chartered banks. In the early part of the last century, a monetary panic stimulated the legislation leading to the Federal Reserve Act of 1913. And consistent with our tradition of dispersed economic power, the new central bank of the United States was created with a significant grass roots component.