It is a great pleasure for me to be able to participate in this conference.
For instance, the Monetary Board recently approved the extension of the observation period for the Basel III Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) compliance of thrift banks, that are subsidiaries of universal and commercial banks, up to end-December 2019, moving the effectivity date of said ratios to 1 January 2020.