Ladies and gentlemen, it is imperative that I underscore that the CBCS is committed to fight money laundering and terrorist financing, and will continue to provide guidance for the financial sector to combat these abusive and illicit practices within our jurisdiction. The CBCS is currently updating the AML/CFT Provisions & Guidelines (P&G).
Having spoken my own mind on certain issues and concern in the pursuit of financial stability, let me conclude on a cautious note. The best of the macro prudential policies may fall short when it comes to addressing a serious crisis. Future crisis may still evade all our efforts to foresee it.