First, let me thank you for inviting me to deliver a message in this milestone event – the launching of the Strengthening Program for Rural Banks (SPRB). It is indeed a pleasure for me to affirm today the BSP’s commitment, support and partnership with the PDIC and the rural banking industry in this important undertaking.
To bring them on stream in an orderly manner we are putting in place an on-line real-time monitoring system. This is all part of the vigilance necessary to improve on our record in the implementation of the Financial Intelligence and Anti-Money Laundering regime.