*  *  *  I am pleased to be here today to underscore the importance of this committee’s efforts to modernize the Commodity Exchange Act (CEA) and to express my support for the recommendations for amending the act that were contained in the report by the President’s Working Group on Financial Markets entitled Over-the-Counter Derivatives Markets and the Commodity Exchange Act.
The BSP is committed to an accommodative monetary policy stance supportive of infusing liquidity in the financial system and recovery of the economy. The BSP’s actions and policy thrusts will continue to be anchored on its core mandates of promoting price and financial stability. Thank you.​  4/4  BIS central bankers' speeches