We appreciate and acknowledge key steps taken by SECP in last few years including establishment of Islamic Finance Department, introduction of all share Islamic Index, issuance of Takaful rules and Sukuk guidelines. We believe that these measures shall facilitate the diversity and outreach of the Islamic finance. Ladies & Gentlemen!
That is why the Single Supervisory Mechanism (SSM) was created and that is why I think supervisors should err on the side of caution. BIS central bankers’ speeches  3  Central bankers do not like to talk about currency wars and the ECB always says that the exchange rate is not a target.