Seminar held on emerging trends in good governance of banking sector in SAARC region.

KARACHI -- Dr Reza Baqir, Governor, State Bank of Pakistan during his inaugural address in a seminar on 'Emerging Trends in Good Governance of Banking Sector' in SAARC countries highlighted the importance of efficient and robust governance structure in the banking industry for sustainable economic growth of a country. Besides Pakistan, the captioned seminar was attended by delegates from Afghanistan, Bangladesh, Bhutan, Sri Lanka and Nepal. While addressing to the participants from SAARC member countries at National Institute of Banking and Finance (NIBAF), Islamabad, Dr. Baqirsaid that corporate governance is corner stone for the success of any business entity. However, for financial institutions, the importance of corporate governance becomes even more critical as banks are highly leveraged entities facing a wide range of risks in their day-to-day operations.

Therefore, the scope and approach to banks' corporate governance requires a different and specific regulatory framework not only because of their leveraged business model but also due to diverse...