Increase in size and complexity of financial sector and introduction of new and innovative financial products, has required SBP to enhance the sophistication of approach and methodology of its inspections. Capacity building is being launched to develop SBP skills in risk management, Islamic Banking, treasury, foreign exchange, IT etc. In addition, work is underway to strengthen further its capacities for oversight of Basel 2.
However, the Eurosystem is currently assessing and reflecting what its potential impact on the financial market infrastructure could be and what possibilities it could present in terms of new services. The Eurosystem is also currently looking into ways in which the three cornerstones of the financial market infrastructure – money, collateral and securities – could be brought closer together to improve efficiency.