1/3  BIS central bankers' speeches  In my experience, a conversation is more meaningful when: First, it is between those with the same goals. In this, there is no issue. As mentioned earlier, the SEC, BTr and BSP have always been partners. For one, together with other institutions,2 we are members of the Financial Stability Coordination Council (FSCC).
The FSCC’s key objective is to identify, manage and mitigate the build-up of systemic risks. Our institutions share the prudential objective of financial stability and development. Our being here today is just a step-up an expression and a specific operationalization of our original goals.