* * * Fellow advocates of financial education and financial inclusion, special guests, good afternoon and welcome to the Bangko Sentral ng Pilipinas! On behalf of the Members of the Monetary Board and our fellow central bankers, we thank you for joining us to celebrate two milestones in our continuing program to develop an inclusive financial system to promote inclusive growth.
Similar application of tools would foster a level playing field and reduce any pockets of vulnerabilities. Second, in the longer term, the borrower-based tools targeting housing loans and household indebtedness should be based on some minimum and common EU level requirements. At the moment, those tools are solely based on national legislation and are rather diverse across countries.