With all these, I can confidently say that the BSP through the years has firmly demonstrated its staunch commitment to its mandates—our three pillars of central banking. And I attribute this to our dynamic leaders AND TO YOU ALL, my dearest colleagues in the BSP (Applause). Earlier, I mentioned that allowing myself to speak through others is a powerful exercise.
As regards these initiatives, I would like to underline that the ECB has always been supportive of exploring the feasibility of such measures. However, for such measures to have the desired effect, it is important that an internationally coordinated solution is ensured. I am also of the view that any contribution by financial institutions should be complementary and coherent with supervisory and regulatory regimes.