From MarketWatch By Robert Powell December 14, 2013 Larry Kotlikoff, a professor at Boston University...
MFD Circular No. 3 (amending MFB prudential regulations on classification of assets and provisioning requirements)
(enacted in 2010)
MFD Circular No. 3 of 2010, issued by the State Bank of Pakistan, amends Regulation 12 (loan classification and provisioning requirements) from Prudential Regulations for Microfinance Banks (2007). The amendment states that gold, in addition to cash collateral, shall also be considered for specific provisioning against non-performing loans.