Financial regulators likewise utilize data in formulating supervisory and regulatory policies that are responsive to the needs of financial consumers and address the evolving complexities of financial products. For the BSP in particular, the pandemic has strengthened our resolve to promote broad and convenient access to welfare-enhancing financial services for all Filipinos.
A lot of work still lies ahead, but the momentum to achieve these goals is now stronger than ever. The BSP is ready to carry the work forward through 2021 and beyond. Financial inclusion is multidimensional, but at its most basic level, it starts with account ownership.