In all this, the BSP is carefully monitoring emerging technologies to balance the rewards of innovation against the overall safety and integrity of the financial system. Promoting Enhanced Cybersecurity in the Philippine Financial System There is also a need to address cybersecurity on a broader scope. This is a must for a digital, financial ecosystem to thrive.
Anchored on good governance and a clear vision of what we desire of the capital market, it would be quite an achievement for all stakeholders if we see the changes come to fruition. Wouldn’t it be such a feat for us to stop talking of pursuing capital market development and instead talk of sustaining a developed capital market? Thank you and good afternoon.