To this end, my number one priority is to ensure that my teams deliver an effective, intrusive, analytical and outcomes-focused approach to supervision. In other words, that we do our job and that we do it well. Our approach will continue to be risk-based and anchored by our PRISM3 supervisory methodology, and, yes, underpinned by the credible threat of enforcement.
Indeed, we need to remain proactive and adopt reforms that would allow us to withstand the inevitable challenges that a growing economy such as ours faces. When former Senator Angara spoke at the Senate in 2009, he noted that, in our country, the chances of a claimant to recover his investments from a failed enterprise are a nightmarish 4.4%.