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Seminars

The Second Meeting of Working Group on SAARCFINANCE Database and the SAARCFINANCE Database Seminar, Reserve Bank of India, Jaipur, India, March 22-23, 2018

The Fourth Seminar on the SAARCFINANCE Database, was organised on March 23, 2018 at Reserve Bank of India, Jaipur. The seminar was inaugurated by Mr. M. Rajeshwar Rao, Executive Director, RBI and included a Panel Discussion on Macroprudential and Capital Flow Management Measures and Policies. This was followed by Special Address by Dr V. Ravi, Professor, Institute for Development and Research in Banking Technology on "Use of Big Data Analytics to Strengthen Financial Sector Statistics".

The Second Meeting of Working Group on SAARCFINANCE Database were organised on March 22, 2018. The meeting was attended by members of the Working Group, the SAARCFINANCE Database nodal officer and coordinator/ alternate coordinator of SAARCFINANCE from Central Banks of SAARC countries. The Working Group reviewed the existing Database, its coverage of variables, frequency of data submission and updation, including the data gaps in the database. It also discussed the challenges faced by different central banks, suggestions regarding the nomenclature, definitions and methodology of computations of variables, feasibility of further expanding data coverage across variables. The issues relating to metadata and advance release calendar and the feasibility of moving towards international standardization were also discussed.

Status of SAARCFINANCE Database: Presently there are 194 annual variables, 96 quarterly variables and 65 monthly variables, covering Real Sector, Money and Banking, Public Finance, External Sector, Price Index and Policy Rates, and Financial Markets. The variables are presented in domestic currency, in US dollar terms and also covers rates and ratios. Separate Socio-Economic Indicator at annual frequency are also being reported. Vulnerability indicators were added following the decision taken by the Governors' 34th SAARCFINANCE Group Meeting, held on July 12, 2017. Metadata and Advance Release Calendar for variables have been uploaded.

Seminar and Meeting Photos

"Digital Financial Services and Financial Inclusion in SAARC Countries" at Islamabad, March 19-21, 2018.

The State Bank of Pakistan (SBP) organized a seminar on "Digital Financial Services and Financial Inclusion in SAARC Countries" at National Institute of Banking and Finance (NIBAF) Islamabad during March 19-21, 2018. This was the 13th seminar organized by SBP since 2002 under the banner of SAARCFINANCE. Delegates from Afghanistan, Bangladesh, Nepal and Sri Lanka presented country papers to share their country experience, and initiatives in the subject area. Experts and practitioners in the area of digital financial services shared their views on recent developments, best practices and policy options and the role of central banks and financial institutions.

SBP Deputy Governor Riaz Riazuddin inaugurated seminar by outlining the objectives of SBP's financial inclusion. He highlighted economic benefits of including unbanked into the network of financial services and opportunities relating to digital financial services ecosystem. He emphasized on digital financial services and financial inclusion as a new paradigm of economic growth that plays a crucial role to drive away poverty from the country. Former Governor of SBP, Syed Salim Raza shared his views on evolution of financial services through technological innovations.

Seminar and Meeting Photos

Seminar on Macro Prudential Policies in the SAARC Countries, June 8-9, 2017, Katmandu, Nepal

Macro-prudential policy has been defined primarily as the use of prudential tools to limit systemic risk. A central element in this definition is the notion of systemic risk-the risk of disruptions to the provision of financial services that is caused by an impairment of all or parts of the financial system, and can cause serious negative consequences for the real economy. Systemic risk is generally recognized as having two dimensions: vulnerabilities related to the build-up of risks over time ("time dimension"), and vulnerabilities from interconnectedness and the associated distribution of risk within the financial system at any given point in time ("cross-sectional" or "structural" dimension). In addressing these vulnerabilities, the macro-prudential policy complements the micro-prudential focus on the safety and soundness of financial institutions (Committee on the Global Financial System (CGFS) 2010). By mitigating systemic risks, macro-prudential measures ultimately aim to reduce the frequency and severity of financial crises.

The seminar aimed to enhance a framework of the best practices of macro-prudential policies by sharing the experiences of the SAARC countries. In this regard, the specific objectives of the seminar are:

a. To understand the macro prudential policies implemented in the SAARC region.

b. To review the modalities of policies implemented by the SAARC member countries and;

c. To identify the problems and challenges for formulation and successful implementation of macro-prudential policies.

Seminar Proceedings and Papers

Seminar on Financial Stability, March 27-29, 2017, Islamabad

The State Bank of Pakistan (SBP) organized a seminar on Financial Stability at National Institute of Banking and Finance (NIBAF) Islamabad during March 27 to 29, 2017. This was the 12th seminar organized by SBP since 2002 under the banner of SAARCFINANCE. The objective of the seminar was to conduct a dialogue, share experiences among the seminar participants and bring into light policies and practices prevailing in the member countries relating to financial stability

Delegates from Afghanistan, Bangladesh, Nepal and Sri Lanka presented country papers to share their thoughts, country experiences, policies and measures in the area of financial stability. Different experts shared their views on recent developments, best practices and policy options and the role of central banks and financial institutions.

The seminar was inaugurated by Mr. Riaz Riazuddin, Deputy Governor, SBP, and attended by around 40 mid to senior level officials from the central banks of SAARC member countries, and the Securities and Exchange Commission of Pakistan (SECP).

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