Pakistan: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, and Securities Regulation

Volume/Issue: Volume 2004 Issue 215
Publication date: July 2004
ISBN: 9781451830583
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Topics covered in this book

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Banks and Banking , Money and Monetary Policy , Public Finance , ISCR , CR , capital adequacy ratio , banking sector , interest rate , financial system , liquidity risk , exchange rate , bank lending , Commercial banks , Credit , Capital adequacy requirements , Legal support in revenue administration , Nonperforming loans

Summary

This paper evaluates Pakistan’s Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, and Securities Regulation. Major reforms in the financial sector have resulted in a more resilient and efficient financial system that is better placed to absorb significant macroeconomic shocks. Increased liquidity in the system has recently led to a rapid increase in credit to the private sector that could be problematic if sustained. The securities markets have benefited from recent reforms, but may be vulnerable to systemic risks.