In my remaining remarks, I will discuss some implications for the financial system’s future and for the role of macro-  1  Banking union and the future of banking, speech by Vítor Constâncio, Vice-President of the ECB, at the IIEA Conference on “The Future of Banking in Europe”, Dublin, 2 December 2013; Towards the Banking Union, speech by Vítor Constâncio, Vice-President of the ECB, at the 2nd FIN-FSA Conference on EU Regulation and Supervision “Banking and Supervision under Transformation” organised by the Financial Supervisory Authority, Helsinki, 12 February 2013; Towards a European Banking Union, speech by Vítor Constâncio, Vice-President of the ECB, Lecture held at the start of the academic year of the Duisenberg School of Finance, Amsterdam, 7 September 2012 (ECB website).
In addition, recently approved legislation—such as the BSP Charter Amendments, Philippine Identification System (PhilSys) Act, National Payment Systems Act and the Gold Law—allow us to pursue our mandate with more vigor and in effect, enable us to espouse the interests and uplift the lives of all Filipinos. So what is the role of BSP in the Philippines’ growth narrative?