Existing regulatory and supervisory framework – principles and approaches As a regulator, SBP has established a comprehensive and well balanced regulatory and supervisory system to inculcate a culture of sound risk management within banks. Simultaneously SBP’s capacities have been enhanced to effectively regulate and supervise banks and assess system wide risks, both on a quarterly and annual basis.
I have been veering between what Benoît Mandelbrot called “the two poles of human experience”, one driven by my legal background and the deterministic system of order and planning, and the other inspired by my lifelong experience with finance and the stochastic or random systems of irregularity and unpredictability.