In fact, TARGET2 and T2S show that genuine integration, rather than mere coordination, is essential to have well-functioning markets which can fully play their role in supporting the economy. Thank you for your attention. I am now looking forward to our discussion. BIS central bankers’ speeches  3
There is, however, a limit to this risk-bearing capacity of FIs; thus, the establishment of resolution frameworks, such as the FIST Law, will ensure that distressed FIs have a mechanism to strengthen their balance sheet. The enactment of the FIST Law can help ease banking system stress through a jointgovernment and private sector undertaking.