KARACHI, October 10, 2024: The Central Bank of Pakistan has announced to revision of the installation guidelines for Close Circuit Television (CCTV) cameras at bank branches. The updates follow extensive feedback from stakeholders and aim to standardize security protocols in banks and microfinance banks (MFBs).
Revised Guidelines are as follows:
The new directives, outlined in the recent circular, specifically adjust the requirements in two key areas:
Standard Operating Procedures (SOPs):
Banks and MFBs are now required to update their internal SOPs to include detailed specifications for the placement of CCTV cameras. Installation points will cover critical areas such as ATM vestibules, branch entrances, and other vantage points. Furthermore, the minimum camera resolution has been revised from six (6) Megapixels to five (5) MPs, streamlining the quality requirements while maintaining essential recording capabilities.
Installation Timeline:
Financial institutions must implement these revised measures at all existing branches in Tier 1 cities and identify high-risk areas by March 31, 2025. Institutions are expected to define “high-risk geographies” and identify key locations for camera installations within their updated SOPs. This requirement also extends to new branches and renovations planned for 2024, ensuring that security upgrades are integrated into the annual budget.
Flexible Implementation Options
Banks and MFBs have the option to expedite the installation of CCTV cameras across their entire networks, should they choose to do so. Additionally, they are required to submit a comprehensive implementation plan to the Banking Supervision Department, outlining their strategies for compliance with the new regulations.
While the latest circular introduces specific changes to the CCTV installation requirements, all other existing instructions on security measures remain intact. This initiative underscores the commitment of regulators to enhance safety measures within the banking sector, reflecting a proactive approach to securing financial institutions against potential threats.