Concluding remarks I have so far talked about the effects of balance sheet adjustments and deflation on the labor market, but there is one topic I have yet to touch on. This is an issue that concerns the supply of labor, namely, demographic changes.
To the extent possible, we have integrated in the new FRP the requirements of the PFRS/PAS and the Basel 2 capital adequacy framework. The new FRP will also facilitate an enhanced off-site surveillance for the BSP on its supervised entities.