Pakistan’s PRS aims to: promote and preserve financial sector stability, encourages banks to function purely on market principles and operate in a fair and efficient manner guided by high standards of corporate governance with emphasis on complete disclosure and transparency. To ensure effectiveness of this framework, central bank has now put in place an elaborate framework of banking surveillance and supervision.
I am deeply honored to be invited to this conference and keynote the discussion on the theme, “The Safety and Efficiency of the Financial System.” But first, let me commend the conference organizers for putting together this event that touches on a broad spectrum of issues on the financial system.