In addition, there may be opportunities to greatly reduce the submission requirements for a large number of firms due to their relatively small, simple, and domestically focused activities. Such an approach could limit full plan filing 3/5  BIS central bankers' speeches  requirements to firms that are large, complex, or have systemically critical operations.
You have come so far, and the future beckons with exciting opportunities. And so, happy anniversary and congratulations to all the members, officers and staff of Bancnet. From the point of view of the Bangko Sentral ng Pilipinas, there are many reasons for you to celebrate.