Let us first define as to what the regulatory objectives of the State Bank of Pakistan are. These can be summarized as: (a)  Avoiding adverse selection in bank entry by ensuring that individuals likely to misuse banks do not get bank licenses.
Many of you have traveled long distances to be with us today – a fact that highlights the importance of the topic we are going to discuss over the next two days: “The Rebalancing Challenge in Europe – Perspectives for Central, Eastern and Southeastern Europe (CESEE).” What do we mean by “rebalancing”?