KARACHI: State Bank of Pakistan on Wednesday launched Systemic Risk Survey (SRS) to gauge the views of market participants and experts about various existing and emerging risks, that potentially undermine stability of the financial system.

“The survey aims at evaluating the respondents’ confidence in the stability of the financial system as a whole and banking system in particular,” said the SBP’s statement.

In pursuance of SBP Vision 2020, it has committed to strengthen its financial stability regime to identify and manage systemic risks arising from within and outside the country’s financial system, said the Bank.

The SRS participants will include senior executives of commercial banks, development finance institutions, microfinance banks, exchange companies, insurance companies, asset management companies, renowned academia and business/economy journalists.

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

“This survey 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,” said the SBP.

Published in Dawn, January 18th, 2018