That explains the choice of the topic “Financial Stability” for this SAARC Governors’ Symposium. 3. I have great pleasure in welcoming all the delegates to this symposium. In particular, I want to acknowledge the presence here of colleague Governors and Heads of Delegation from Afghanistan, Bangladesh, Bhutan, the Maldives, Nepal, Pakistan and Sri Lanka.
A special welcome to Jaime Caruana, General Manager of the Bank for International Settlements (BIS) and formerly Governor of the Bank of Spain, and to our very own Dr. Y.V. Reddy, my distinguished predecessor at the Reserve Bank and now an internationally renowned expert on financial stability.