To properly define our role, as central bankers, in such a global effect, we need to spell out as precisely as we can the ramification of the macroeconomic impact of global climate change.
Even as we strengthen regulations over Money Service Businesses (MSBs) to maintain financial integrity and enhance consumer protection, we will streamline FX requirements for the banking system to reduce market fragmentation and increase FX liquidity. The amendments to FX regulations is part of a broader thrust for an organized FX market.