•  Secondly Enhancing competition in the banking systems by ensuring a level playing field for all banks, including through the restructuring of public banks and privatization, if warranted. •  Thirdly Deepening financial markets through strengthening the regulation and supervision of securities markets, broadening the investor base, and improving transparency.
Allow me to tackle this presentation from the perspective of the BSP, both as a regulator of the Philippine financial institutions and an institution which in itself is an end-user and a staunch promoter of risk management. The BSP performs a dual role.