A robust capital adequacy framework for banks is a key condition for a single financial market. Indeed, an efficient and stable European financial system requires that regulatory capital requirements are sufficiently aligned with banks’ underlying risks. The authorities in the different countries should also implement the rules consistently.
Moving forward, I hope that the ties that bind us to our common goal will continue to nurture a new generation of financially educated and included young citizens. To us at the Bangko Sentral and the DepEd, financial education is important and necessary. The ability to handle one’s finances properly is a lifelong skill one must have to be a responsible and successful adult.