I would now like to briefly discuss these areas in more detail. 2  Dealing with SIFIs  The past few months have witnessed substantial progress in tackling the SIFI problem. In Cannes, the G20 endorsed the comprehensive policy framework presented to them by the Financial Stability Board (FSB).
As we pursue the various programs under the MOU, we take this opportunity to also share our knowledge and regulatory perspective to contribute to the development of innovative approaches in risk-based supervision, sustainable banking, and fintech solutions. We look forward to working closely with our UK and Philippine partners and supporting the successful implementation of the MOU. Thank you.