At this juncture, allow me to briefly discuss our various regulatory and operational relief measures to assist the BSP supervised financial institutions endure the health crisis as well as to support households and business firms.
(iii)  The enhanced Central Securities Depository system is expected to go live by June this year, this will provide among other functionalities, e-bidding in primary auctions, automated repo auctions and online secondary market trading. (iv)  The debt reforms that will lead to the introduction of non bank Broker/Dealers in the debt market are on going.