We should not be complacent, however. Vulnerabilities persist, and we need to closely monitor the situation to safeguard financial stability. The recent market turbulence demonstrates the importance of implementing our banking regulatory framework in full. At the same time, macroprudential policy continues to play a vital role in ensuring the resilience of the system by maintaining or strengthening buffers.
With these remarks, Ladies and Gentlemen, it is now my pleasure to welcome Hon. Henry Rotich, Cabinet Secretary to the National Treasury, to deliver the Keynote Address. 3