See, for example, the paper by C. Borio on “Implementing the macroprudential approach to financial regulation and supervision” (published in Banque de France Financial Stability Review, September 2009), the discussion paper by the Bank of England (“The role of macroprudential policy”, Discussion paper, November 2009) and the report of the Warwick Commission on International Financial Reform (The Report of the Second Warwick Commission Report: In praise of unlevel playing fields, November 2009).
Presently we have only 5600 ATMs across Pakistan, just about one ATM against two bank branches. Therefore, there was a strong need for the Central Bank to come up with some policy initiative to improve this position.