This feat has significant impact to the banking industry and most especially to the community that Rang-ay has been serving for half a century. Thus, I also take this opportunity, to express Bangko Sentral’s appreciation to the entire family of Rang-ay, particularly for being consistently in congruence with all our policy and regulatory reform initiatives all these years.
As we know from international negotiation theory, a leader can use domestic dispute as a negotiation resource, arguing that she cannot move any further because she has no room for manoeuvre at home. That’s why it was necessary for EU leaders to call for the UK to deliver soon in order to move on to phase two in December.