Since the aftermath of the bursting of asset bubbles still lingers, the structural reform our economy needs may perhaps be more challenging than changes in the economic environment, which we have often experienced in the past.
On our part, we at the Bangko Sentral will continue to create a policy and regulatory environment that will enable innovations to flourish while ensuring that appropriate controls and safeguards are in place. Ladies and gentlemen. Changes in our financial landscape and innovations in technology represent both challenge and opportunity for all of us.