The Green Force endeavors to harmonize all government policies concerning green and sustainable projects as we see the need to establish a cohesive action plan that will cut across all sectors. Among the key milestones of the Green Force is the development of the Philippine Sustainable Finance Roadmap and the Sustainable Finance Guiding Principles which were launched in October 2021.
On these works I have two more specific remarks: 4  •  First, the obstacles to achieving harmonized approaches in regulating stablecoins across jurisdictions, risks associated with diverging regulatory frameworks and possible cross-border regulatory gaps need to be clearly identified in order to avoid a negative impact on financial stability and to limit regulatory arbitrage.