Wrong motivations for improving banks’ risk management systems may obscure the ultimate aim for such actions – i.e., to make banks’ shareholders and other stakeholders, NOT the regulators, happy by safeguarding and enhancing the value of their investments.
On our part, BSP’s interest in promoting better risk management is motivated more by macro considerations – that is, a safe and sound banking system is crucial to economic growth and to the stability of financial markets. Concluding remarks Let me now sum up.