As far SBP’s role is concerned, it has been taking various important measures for improving the business environment for the sector, and addressing financing needs of SMEs. Keeping in view the specific business dynamics of the sector, SBP issued specific Prudential Regulations (PRs) for SMEs in 2003 that greatly helped banks to focus on SME Financing and accordingly align their business strategies.
The elements of discretion entrust the competent authorities, the EBA and the Commission with a significant responsibility for ensuring that the objectives of the Regulation are  4  4  European Commission (2014) Structural Reform of the EU banking sector. Press release 29 January 2014 (europa.eu/rapid/press-release_IP-14–85_en.htm?locale=en).