Likewise, in terms of supervision, we continue to review and align our financial regulations and policies with international standards to enhance risk management and ensure the competitiveness of our banks in view of the ASEAN integration. We intend to further develop our macro-financial surveillance capability by improving coordination and cooperation with other government agencies and regulators.
With the rapidly evolving technology and payments landscape, our policy stance in supporting responsible fintech innovation remains anchored on three core principles: 1) Regulations must be risk-based, proportionate and fair. 2) There should be an active multi-stakeholder collaboration. 3) Regulations must ensure consumer protection.