The moral incentive, which is most evident following an accident, is more intense but is relatively short lived.” Supervisors and regulators clearly need to take a careful assessment of the incentive structure underlying financial intermediation, in particular in light of the ever-changing landscape that characterises it.
My understanding from Managing Director Pete Tordilla, the chairman of our 16th anniversary celebration, is that almost 500 BSPers are involved in the exciting presentations this morning! Marami talagang showbiz at magaling dito sa Bangko Sentral. Fellow central bankers, palakpakan po nating muli ang magagaling nating performers and the creative team behind these presentations on 60 years of central banking! Salamat sa inyo.