Maraming salamat team BSP. Happy 25th Anniversary to us all! Mabuhay ang BSP! Mabuhay ang bansang Pilipinas! 4/4  BIS central bankers' speeches
As the history of American banking demonstrates, private market regulation can be quite effective, provided that government does not get in its way. Indeed, rapidly changing technology is rendering obsolescent much of the old bank examination regime. Bank regulators are perforce being pressed to depend increasingly on ever more complex and sophisticated private market regulation.