Appreciably, CFA institute has updated its curriculum to address the key lessons learnt from the global crisis. Ladies and Gentlemen; Not surprisingly, ensuring financial stability has now become the number one priority of many of the central banks around the world. SBP is also playing a pivotal role in ensuring stability of the financial sector in Pakistan.
Therefore, let me just make a few points about financial stability from central banks' perspective, and the role of monetary analysis in this context. One set of important issues relates to the need to ensure that central banks' role in, and strategies for crisis management and resolution are sufficiently clear.