The BSP also pins its hope on gaining mileage on its financial inclusion targets with the launch of our National Retail Payments System Project. The NRPS is envisioned to provide an accessible, inclusive and safe electronic payments system using inter-operable payments network that financially links the country – from Batanes to Sulu – 24/7.
The need for vigilance is stronger still in case of benchmarks in less liquid / illiquid markets where benchmarks are based on polling and / or model-based rates.