I urge the three institutions to expedite the process so that the new company can take appropriate steps to implement the recommendations of the Committee at the earliest and become compliant with the IOSCO Principles on Financial Benchmarks already endorsed by the FSB working on the mandate from G-20. 24.
Nonetheless, improvements in mobility indicators indicate that firms and households are beginning to adjust to the post-pandemic operating environment. This could support resurgence in economic activity in the near term. In this slide, we show mobility changes as monitored by Google for the entire country.