It was during the 10th SAARC Summit, held on 29th July 1998, that the Heads of States of the region agreed in principle to establish a Network of Central Bank Governors and Finance Secretaries of the region. The core objective was to have a forum for dialogue on macroeconomic policies of the region and sharing mutual experiences and ideas.
BIS Review 175/2010  1  My third subject is what is known as the shadow banking system. The practical significance of this term is that it deals with aspects of the financial system that the regulators do not know how to supervise.