This would appear to be the best way to deal with the fact that the financial system is not only expanding but also becoming increasingly complex. 4. The transparency of the distribution of risks across the financial system has tended to decrease, thus presenting the official agencies with the question of how it might be possible to increase this transparency again.
Estimates indicate that remittance transactions average 66 million per year, of which transmission through “credit-to-other banks” accounts for 8% or an average of more than  BIS Review 159/2009  1  5,000 transactions daily. This means savings of at least P75 million in annual remittance fees for overseas Filipinos. At least P75 million.