A review of the liquidity requirements for money market funds and their portfolio composition is also necessary. This calls for the timely roll-out of a comprehensive macroprudential framework for non-banks. 4/4  BIS central bankers' speeches
Domestic private banks have either injected own capital or sought alliances and partnerships to augment capital; alternatively domestic or foreign banks have stepped in to acquire mid- or small-sized banks to expand their capital and outreach. Excluding specialized financial institutions (such as microfinance and Islamic banks who have been allowed new licenses) SBP has imposed an embargo on new conventional bank licenses.