Is that possible? I don’t know. I don’t know. It sounds challenging. What’s the probability of that? It’s not for the ECB to judge alone. The Commission will have a say, governments will have a say. It’s only the start of a discussion.
This will strengthen our financial surveillance, particularly in monitoring market trends and vulnerabilities in the repo market. In turn, this will enable the BSP to formulate effective policy responses to ensure continued stability of the financial system. Strategic financial sector reforms, such as the development of the local currency debt market, are high priority.