KARACHI: State Bank of Pakistan (SBP), has rolled out a Systemic Risk Survey (SRS) to gauge the views of market participants and experts about various existing and emerging risks that can potentially undermine the stability of the financial system.
SRS is a market intelligence tool, used by central banks around the world, whereby feedback from various market participants and experts regarding their risk perceptions and confidence in the stability of the financial system is sought.
The SBP in pursuance of SBP Vision 2020, is committed to strengthening its financial stability regime to identify and manage systemic risks arising from within and outside the country’s financial system.
The assessment of key risks and vulnerabilities are regularly reported in the flagship annual publications, ‘Financial Stability Review’ (FSR) and the ‘Quarterly Performance Review of the Banking Sector’.
Furthermore, the survey aims at evaluating the respondent’s confidence in the stability of the financial system as a whole and the banking system in particular.
SRS will be conducted twice a year and its participants will include senior executives of commercial banks, development finance institutions, microfinance banks, exchange companies, insurance companies, asset management companies, renowned academicians and business journalists.
The responses to the survey will be kept confidential and will not be shared with any other person or entity. Furthermore, the responses will not be used for any purpose other than the assessment of risks in the financial system.
