4  BIS central bankers’ speeches  Let me now turn to a few issues in NSFR. We had issued the draft guidelines on Net Stable Funding Ratio (NSFR) on May 28, 2015 for public consultation. India is amongst the few jurisdictions that have come out with these guidelines.
The reason for this is simple – while we wanted to give our banks ample time for the consultation process, the banks also get lead time to get their systems and processes in place. In this area, I would be happy to take views and opinions from you. These would facilitate us to help finalising the guidelines.