Issuance of policy directives to banks: It would not be appropriate to prescribe a particular way of seeking remedies especially keeping in view the regulatory role of SBP. The directives issued by SBP are binding on banks and as a matter of policy we can facilitate, encourage but not force banks to avail facilities of KCDR.
4  BIS central bankers’ speeches  The flare-up of the Greek crisis has had few repercussions to date on sovereign risk premiums in the rest of the area thanks to the reforms undertaken in many countries, the progress made in European governance and the tools available to the authorities to prevent contagion.