On the part of the BSP, we recognize that investors and fund managers should have the leeway to invest in alternative instruments across jurisdictions or in different currency denominations. Within the bounds of client suitability and effective management of risks, we are prepared to revisit existing regulations and make the needed changes.
This will not only deepen the capital market but more so provide investors with more choices within the perimeter of tolerable financial risks. The BSP will always be your partner and I am sure FMAP stands ready to always join us in the journey for professional excellence, for consumer protection and for financial stability. Congratulations to the asset management industry. Congratulations to the awardees.