SECP, SBP set up Council of Regulators to strengthen financial stability

ISLAMABAD, May 27: The State Bank of Pakistan (SBP) and the Securities and Exchange Commission of Pakistan (SECP) today (Friday) signed a letter of understanding (LOU) to establish the Council of Regulators to mitigate systemic risk. Mr. Riaz Riazuddin, Acting Governor, SBP, and Mr. Zafar Hijazi, the SECP Chairman, signed the letter in a ceremony held at the SECP’s head office in Islamabad.