The other question is one of consumer protection-the extent to which the government and the central bank must educate the public and say, "We are allowing this to happen, but these are very risky assets. You should not put in money that you really need for many important things."
Ongoing dialogue between regulators and market players In this ESE, we would like to be updated on the adoption and usage of VAs in the Philippines. What exactly is happening on the ground? What are they being used for? To what extent should regulation apply?