But we should not forget that strong capital requirements remain the most supple form of prudential regulation, because they can provide a buffer against bank losses from any source.
Concluding remarks As I mentioned at the beginning of my remarks, the recent natural calamities once again proved the Filipino is resilient thru the Bayanihan spirit which we saw work so excellently during our natural calamities. I know Rotarians know this very well… for you follow your motto is “service above self.” The painting by national artist Botong Francisco illustrates this point quite exquisitely.