As in the past, we will also continue in our practice of crafting meaningful and proactive policy reforms that are aligned with best practices and international standards, but which at the same time are sensitive to our unique domestic conditions. In the process, we will continue to engage relevant stakeholders so that policies are attuned to what is happening on the ground.
One example of this commitment in practice is our recent enhancement of corporate governance standards among BSP-supervised institutions. The Monetary Board lately approved revised corporate governance standards, with the BSP expecting board members of its regulated entities to promote a culture of good governance.