But they remain very powerful tools that distribute  BIS central bankers’ speeches  3  goods and services across the economy. Regulation is necessary because it gives markets a direction, and can govern them with a set of values, which markets do not possess innately. Less, but more effective regulation is the need of the hour for our own economy too.
Kazi Abdul Muktadir: Promoting deposit mobilization and financial inclusion in Pakistan Speech by Mr Kazi Abdul Muktadir, Deputy Governor of the State Bank of Pakistan, at the launch of Easypaisa Khushaal, Karachi, 16 October 2012. *  *  *  Distinguished guests, ladies and gentlemen!