Last year, we took an important step in this direction. In partnership with the SEC, the Insurance Commission, and PDIC, we formed the Financial Sector Forum (FSF) last July. The FSF has steadily gained momentum and we are now working on a full agenda to harmonize our supervisory and regulatory efforts, to strengthen information exchange and to promote better consumer protection.
We expect the FSF to hit its full stride this year. Even as we have strived to forge an efficient and modern financial system, the access of the poor to the financial system has been our constant special priority. And indeed, the success of microfinance has been a pride and joy of the BSP.