Currently consumer protection is codified in SBP regulations but this will have to be also reviewed and updated in line with the new legislation. (ii)  Encourage Pakistan Banks’ Association (PBA) to adopt a Banking Code to commit banks to fairness, disclosure and ethical standards.
Given that an expansion of banks’ loan portfolios will almost inevitably involve banks being exposed to greater credit risk, it is essential that this is accompanied by a strengthening of banks’ risk management strategies. Page 5 of 14  The ability of borrowers to service their loans and, therefore, their creditworthiness, is not independent of the interest rates charged on these loans.