For example, the share of domestic banking assets held by the top five banking organizations went from 18 percent in 1994 to almost 32 percent in 2002, and the share of the top twenty-five went from 46 percent to 61 percent. However, these numbers tend to hide more than they reveal about the competitiveness of the U.S. banking structure.
11211 which amends the BSP charter is very timely as it enables us to cope with constantly evolving challenges. This new law bolsters our capability to safeguard the stability of prices and the financial system. A mandate for all This brings me to my next point—that strong institutions are critical in nation-building and this is true for a central bank.