Complementary reform initiatives On other key fronts, we will also carry on with our task of fostering the development of our financial markets through support for various legislative measures, such as the enactment of the Credit Information System Act (CISA) that will be pivotal in helping establish a reliable and comprehensive credit information system in the country.
We will also continue to foster the creation of stronger and globally competitive financial institutions that can be an asset to the financial system. Lately, we have been witnessing a growing trend toward mergers and consolidations among domestic banks and we expect this to further hasten in the next two years.