Regulatory agencies have been given a mandate and authority to strengthen oversight of the largest firms. Success will depend on whether we choose to make hard calls and to use the new authority with integrity, fairness and resolve. Monetary choices I want to spend my remaining time on monetary policy.
More importantly, this discipline will help you take advantage of the obvious opportunities, as well as unearth those that are hidden. Discipline set during the sober low volatility period will guide you when you are confronted with factors that are not within your control, especially during a frenzied high volatility period. The BSP practices the same discipline.