So, we chose Hanuman for our Divali program. We highlighted how Central Bank, like Hanuman, is a faithful servant to the people of our country and how we diligently ensure their financial protection, no matter the size and ferocity of the Ravans (demons) we take on. Last year, we continued our exploration of the Ramayana, staging a dance performance entitled Paanch Kahani.
If liquidity strains emerge, in money market funds and open-ended funds, through margin calls and in core bond markets, vulnerabilities spread quickly through the financial system. One of the important post-crisis reforms I mentioned earlier, was the greater use of margining and central clearing through the CCPs.