But as I understand it, that has abated in the last couple of trading days. Ladies and gentlemen, our banking system remains fundamentally sound. Capital is still well above both the BSP 10% minimum prudential requirement and the BIS standard of 8%. Asset quality is as close to the lowest level seen since the Asian Crisis as it has ever been.
Return on equity has also been improving. And there is ample liquidity system-wide. This stable banking system has been critical in underpinning a stable macroeconomic environment. And sustained stability in our macroeconomic environment in the last few years has also avoided the build up of dangerous imbalances that could have led our banking system astray. III.