Our adoption of inflation targeting in 2002 served as an additional stimulus for us to work on improving our transparency practices. In dealing with the press and the market, the Bangko Sentral employs a wide range of disclosure mechanisms. One of these mechanisms is the BSP website which carries our press statements, statistical releases and our advocacies.
Considering the context of today's event, I would just quote one of the recommendations made by the committee viz., "There is a need to upgrade the quality of board deliberation in banks to provide greater strategic focus.