Indeed it is possible we are starting to see some effects now, not necessarily in aggregate, but in particular parts of the money markets. As important as the liquidity regulation is, in my view, asset quality matters more than funding in the end. [14] If asset quality remains sound, as a creditor of the bank, I should be confident of being repaid.
In this regard, I am fortunate that among my three deputy governors and myself, we have clocked-in about 130 years of central banking experience. I wish to acknowledge them this afternoon. Deputy Governor Nesting Espenilla of our Supervision and Examination Sector, Deputy Governor Diwa Guinigundo of our Monetary Stability Sector, and Deputy Governor Vic Aquino of our Resource Management Sector.