Our minimum standards for liquidity risk also reflect the highly concentrated nature of our banking system and its reliance on foreign funding. We intend to review our liquidity standards next year, in light of new Basel Committee liquidity requirements.
Ladies and gentlemen, our continuing journey takes us through uncharted territory. Nevertheless, we are encouraged by positive feedback – from the pupils who start saving regularly, to the teachers who say they learn life lessons from the program. Also a positive is the 2011 Citi Financial Quotient Survey where the Philippines showed sustained improvements in its score.