Mabuhay ang ating mahal na bansang Pilipinas. 5/5  BIS central bankers' speeches
There has been quite a bit of progress in shifting the debate on the desirability of bailing-in the private sector. When the IMF convened the Tokyo meeting in August 1997 following the Thai crisis, the chairman made it clear that bailing-in the private sector was not only off the agenda, but could not be put on the agenda.