What I want to stress here, however, is that NRB has been implementing macro-prudential measures together with the monetary policy for facilitating in maintaining financial stability as well as in attaining higher economic growth. Ladies and Gentlemen, Let me conclude. The significance of the macro-prudential approach has been acknowledged for quite some time and rightly so.
Developing, enhancing and implementing effective macro-prudential policy measures are the core for promoting and maintaining ongoing financial system stability. Systemic risks and the associated policies warrant close and active attention of supervisors and regulators. Prudential policies need to go beyond traditional supervision. What is important is not the validity of the approach, but rather how to apply it in practice.