This agenda focused, first and  BIS central bankers’ speeches  1  foremost, on putting in place the requisite market microstructure in terms of institutions, technology, market participants and appropriate regulations. 6. Study of the development of the financial markets in India provides an opportunity to analyse an alternate and, more importantly, functioning model of regulation of financial markets.
Thus, despite global market volatility following sovereign debt concerns in Europe and uncertainties regarding the depth and breadth of the global economic recovery, the spillovers on our domestic financial markets have been limited. With continued improvements in domestic economic conditions and a broadly favorable global outlook, we foresee a firmer growth path for the Philippine economy in 2010.