*  *  *  Securities and Exchange Commission Chairperson Teresita Herbosa, Insurance Commissioner Emmanuel Dooc, Philippine Deposit Insurance Corporation President Valentin Araneta, National Treasurer Rosalia De Leon, representing DoF Secretary Cesar Purisima, members of the Monetary Board, our partners from the various government institutions, my colleagues from the Bangko Sentral ng Pilipinas, members of the media, ladies and gentlemen, good morning.
The BSP is honored to host this signing of the Memorandum of Agreement formalizing the creation of the Financial Stability Coordination Council. Today, the five agencies represented here – the DoF, SEC, IC, PDIC, and the BSP – publicly affirm our collective resolve to pursue financial stability as the norm for prudential policy.