Those provisions allow regulated entities and the Bank to discuss sensitive commercial information in candour, which is a necessary element for prudential supervision. There are some limits to what is sensible to disclose and when; such judgements can be quite contentious. Moreover, we recognise that disclosure is not without cost.
* * * On behalf of the Monetary Board and the Bangko Sentral ng Pilipinas (BSP), we thank President Rodrigo Roa Duterte for this opportunity to present the New Generation Currency (NGC) banknotes and coins. Magandang hapon po. Thank you for having us in Malacañan Palace.