The BSP’s contributions to the overall stabilization efforts fall under the third pillar. We expect that the economy will recover more strongly once fiscal and monetary stimulus gain traction and workers and firms resume operations.
It adds another facet to our desire for the financial market to be a value proposition. Ultimately, 1/2  BIS central bankers' speeches  the goal is to ensure that our financial system “works” for us and facilitates in improving the welfare of individuals, from savers to borrowers, to investors and issuers, to intermediaries, to infrastructure operators, and digital service providers.