Deputy Governor SBP for managing risks

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KARACHI: Deputy Governor, State Bank of Pakistan, Riaz Riazuddin has emphasized on managing the risks to stability of the financial sector for maintaining un-interrupted availability of financial services, raising investors’ confidence and enhancing reach of financial access to potential areas. He has stressed upon the need for putting in place effective financial stability framework and enhancing the cross boarder supervisory corporation. The seminar on Financial Stability was attended by around 40 mid to senior level officials from five central banks of SAARC member countries and Securities and Exchange Commission of Pakistan (SECP). Local and foreign financial sector experts from Pakistan, multilateral agency and foreign banks shared views on topics related to financial stability and the role of central banks and financial institutions. —PPI

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