I believe, however, that the particular market conditions that we are now facing may provide an opportunity for an acceleration of the process. The current pressure for cost-cutting and efficiency gains in the financial sector at this particular moment in time may accelerate the movement of consolidation, in particular in the field of market infrastructure.
A Monetary and Fiscal Coordination Board headed by the Minister of Finance reviews the monetary and exchange rate policies of the SBP. Quarterly and Annual Reports on the state of economy and the affairs of SBP are regularly submitted to the Parliament which, at times, holds hearings and asks questions on important issues.