Chiranjibi Nepal: Macro-prudential policies in SAARC countries

Inaugural address by Dr Chiranjibi Nepal, Governor of the Central Bank of Nepal (Nepal Rastra Bank),at the SAARCFINANCE Seminar on "Macro-prudential Policies in SAARC Countries" Kathmandu, 8-9 June 2017.

The views expressed in this speech are those of the speaker and not the view of the BIS.

It gives me great pleasure to address this august gathering at this SAARCFINANCE Seminar on "Macro-Prudential Policies in SAARC Countries" This theme seems to be very appropriate as significant macro-prudential policy reforms worldwide are being designed to respond to the increasingly interconnected nature of financial institutions, markets and systems.

Ladies and Gentlemen,

Macro-prudential policy has become an indispensable public policy in safeguarding financial stability across the world. This new perspective has spawned profound changes and impacts on our understanding of how the whole economy operates when the impacts of financial policies and actions are considered.