13  See the Policy Statement on the Scenario Design Framework for Stress Testing at Regulation YY – Enhanced Prudential Standards and Early Remediation Requirements for Covered Companies (PDF), 12 C.F.R. pt. 252 (2013), Policy Statement on the Scenario Design Framework for Stress Testing.
The efforts of SBP and banking industry have yielded results in bringing about a positive change in the corporate governance practices of banks. Banks are now managed and run by better cadre of professionals and stakeholders now play an active role and take a keen interest in the affairs of banks.