Amongst other things, this requires us to find institutional and policy structures that enable us to take advantage of the new technologies while acquiring the flexibility to adapt rapidly and without undue stress to new developments and shocks. The institutional structure employed for the conduct of monetary policy is just one of the factors that policymakers need consider in thinking about these issues.
Ladies and Gentlemen, SBP has been vigilant in monitoring the progress of implementation of these guidelines by Banks and DFIs. And I am happy to share that the progress is promising. All Banks and DFIs have established Green Banking Offices and nominated chief green banking managers to supervise Green Banking activities .