In the same vein, we will work closely with other government agencies and private sector stakeholders to accelerate capital market reforms, including the development of the necessary financial market infrastructures that provide orderly trading, clearing, and settlement of the full range of financial transactions.
Leveraging on the much-improved and continuously improving governance and risk management practices of banks and other supervised financial institutions, we intend to further open up competitive opportunities to lower the cost of doing business, provide more customer choices, promote efficiency, and encourage innovation. There are also vital pieces of legislation that we strongly support. We will advocate for their timely enactment.