*  *  *  We at the Bangko Sentral ng Pilipinas welcome and thank all of you for participating in this first Asia Pacific Financial Inclusion Summit. In particular, we are pleased that this maiden summit is being held here in our country.
The Treaty requires that the NCB statutes provide for a minimum term of office of five years for the NCB governors[5]. These governors, too, may only be relieved from office in the aforementioned cases[6]. The Treaties also provide a powerful judicial remedy against arbitrary dismissals allowing the ECB and the governors to refer a dismissal to the Court of Justice of the European Union.