I guess, the answer to that question therefore is – as both Francis and I agreed – the FRIA is important to the BSP as well, just as it is to you. In fact, while deliberations in Congress on the FRIA were on-going, the BSP did parallel work on formally adopting financial stability as a policy objective.
Besides, it is important to note that the defining principles of financial inclusion, coverage, role and responsibilities of institutions and measurement / monitoring requirements have been evolving over the years.