Financial system: SBP kicks off survey to assess emerging risks

KARACHI: The State Bank of Pakistan (SBP), being the banking supervisor, has launched the Systemic Risk Survey to gauge the views of market participants and experts about existing and emerging risks that can potentially undermine stability of the financial system.

“The survey is aimed at evaluating the respondents’ confidence in the stability of the financial system as a whole and the banking system in particular,” the central bank said in a statement on Wednesday.

The risk survey is a market intelligence tool used by central banks around the world, whereby feedback from various market participants and experts about their risk perception and confidence in the financial system is sought.

Participants of the survey will include senior executives of commercial banks, development finance institutions, microfinance banks, exchange companies, insurance companies, asset management companies, renowned academicians and business/economic journalists.

It will be conducted twice a year and the findings will be used by the SBP to strengthen its risk assessment of the financial system and take appropriate mitigating measures.

Published in The Express Tribune, January 18th, 2018.

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