Notably, a roadmap for a genuine EMU has been outlined encompassing four pillars: banking union, fiscal union, economic union and ultimately political union. Through a concerted legislative effort the euro area, and the EU as a whole, has been put on a more stable footing. Your institution has made a decisive contribution to this effort.
Benjamin E Diokno: Welcome remarks - 6th ASEAN Central Bank Heads of Internal Audit Network Meeting Welcome remarks by Mr Benjamin E Diokno, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), at the 6th ASEAN Central Bank Heads of Internal Audit Network Meeting, 16 November 2021.