Enhanced disclosure has positive implications which go beyond just accounting statements of the banking entity. It is a mechanism for the market to assess the quality of assets, and earnings, and expose any hidden risk, for example those arising from associates, subsidiaries, related parties lending etc. These improvements have been reflected in international assessments of corporate governance framework in Pakistan.
Euro area countries are using the second decade of the euro to undo the mistakes of the first – and in doing so, laying the foundations for sustainable growth in the decades to come. The challenge ahead The task of restoring sustainable growth is still far from complete. Regaining competitiveness is only one part of the challenge.