An illustration of such dependency is that problems in money markets fed back on  1  Patrick Parkinson, of the Board's staff, contributed to the preparation of these remarks. The views expressed are my own and do not necessarily represent the views of other members of the Board or the Federal Open Market Committee.
In recent years, the BSP has issued regulations on agent banking, digital services, basic deposit accounts, branch-lite units, National Retail Payment System, and innovative financing such as agriculture value chain financing. The BSP is also at the forefront of digitization by opening its doors to other notable players such as fintechs.