[Page 11: The five proposals of the High-level Expert Group]  16  Gambacorta and van Rixtel (2013), Structural bank regulation initiatives: approaches and implications. BIS Working Paper 412. Vinals et al. (2013), Act local but think global: Can the Volcker, Vickers, and Liikanen structural measures create a safer financial system? IMF Staff Discussion Note 13/4.
* * * To the Monetary Authority of Singapore Managing Director Ravi Menon, senior officers of the Monetary Authority of Singapore and the Bangko Sentral ng Pilipinas, ladies and gentlemen, good afternoon.