* * * Thank you Association of Philippine Correspondent Bank Officers (APCB) for the opportunity to speak and share the BSP’s initiatives. ACPB President Arthur Vincent Chung, members, key players and stakeholders in correspondent banking, ladies and gentlemen, Good morning! Your theme, “Digitalization and the Future of Correspondent Banking”, is very relevant.
•  The second is prudent borrowing and respect for loan contracts with serious commitment to honouring debt obligations whether corporate or household borrower. •  The third is effective prudential supervision of the financial system within the framework of predictable transparent regulations and laws that are enforced evenhandedly.