Closing remarks: market conduct ensures reform success I have given you some of the guideposts, or mile markers on the road to financial stability – as we see it in the BSP. The BSP can put out regulations and create the enabling regulatory environment… but, after everything is said and done, it is the market that will execute transactions.
A wise man once warned that when dealing with the market, one should anticipate that it is not so much about the destination, as it is about the ride itself. Financial targets tell us where we want to go but it is risk-taking and risk management that get us there.