There is also need to establish an integrated financial market infrastructure. These initiatives are significant in promoting price discovery, transparency, orderly trading, clearing, and settlement of the full range of financial transactions. BSP Support for the Capital Market Reform Program The BSP is highly supportive of a capital market reform program.
We desire a more balanced financial ecosystem where a well-functioning banking system is complemented by deep and liquid debt and equity markets and where there are viable alternative sources of financing for long-term investments, including the development of necessary financial market infrastructures (FMI).