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financial stability

SECP, SBP establish council of regulators to strengthen financial stability

ISLAMAB AD: The State Bank of Pakistan (SBP) and the Securities and Exchange Commission of Pakistan (SECP) on Friday signed a Letter of Understanding (LoU) to establish a Council of Regulators to mitigate systemic risk. Acting Governor SBP Riaz Riazuddin and SECP Chairman Zafar Hijazi signed the letter in a ceremony held at the SECP’s head office in Islamabad. The Council will provide a forum for deliberating issues related to systemic risk, particularly those having cross market and stability implications. It will…