The intention is to increase transparency, improve price discovery, and increase availability of FX instruments, including hedging products, to improve risk management capabilities of banks and clients. Finally, we are setting our sight on digital innovations as a catalyst to reach greater scale. Creating an efficient digital infrastructure reinforces our capital and FX markets and financial inclusion agenda.
It provides an enabling platform that can transform the way financial services are efficiently delivered and consumed. In this regard, the BSP is committed to drive modernization of the country’s retail payment system, promote electronic retail payments, and facilitate inter-operability for faster settlement of 4/5  BIS central bankers' speeches  transactions.