practices, share our learnings and exchange ideas. these include : 1 ) the international network for finance education ( infe ) created by oecd to promote and facilitate international cooperation on global financial education issues ; and 2 ) the group of the alliance for financial inclusion ( afi ), which counts as members policy makers and regulators in the developing world who are committed to financial inclusion. ladies and gentlemen. in scaling up its activities for consumer protection, the bsp is also intensifying its information campaign to ensure that intended benefits actually accrue to financial consumers. for instance, we have been working on enhancing transparency in credit transactions to make sure people are not overcharged with “ flat ” interest rates and similar misleading methods. to ensure proper and immediate dissemination of such consumer protection measures, no less than our deputy governors explain the issues through mass media, including radio. this may not mean much to some, but for tricycle drivers, for instance, who pay their motorcycles on instalment, the right to demand correct pricing translates to higher income for him and his family. it is not enough therefore to craft responsive policies. we need to communicate and educate the people on what these means for them. on the other hand, we also need our people to be responsible and vigilant in protecting their rights. indeed, financial capability is a life skill that can lead to a better life. i wish all of you therefore a fruitful and successful financial education summit. thank you and mabuhay! bis central bankers ’ speeches

some good news. j. g. monnet had a new client, for in that same year the finnish state alcohol monopoly, alko, began buying cognac from the monnets. monnet switched continents to become an investment banker in shanghai, china, where he was involved in devising a way of financing the enormous railway network. although of limited professional interest, monnet's moscow contacts were altogether more rewarding from a personal point of view. in 1929 he had fallen in love with an italian lady at a dinner party in paris. but the lady also had a husband on the scene and it was not possible for catholics to get divorced. eventually after some rather intricate manoeuvring monnet traveled with his beloved silvia to moscow, where catholic marriages were not recognized. they got married there in 1934 with the assistance of the russian authorities. at the same time j. k. paasikivi retired from the post of chairman of the kansallis - osake pankki. it was not until six years later that he was sent to moscow to become ambassador together with his wife alli. in contrast robert schuman remained unmarried for his whole life. outsiders on the inside in 1936 monnet returned to washington, where his family lived until the end of the war. he developed an extensive network of contacts in the city. he was a friend of leading newspaperman walter lippman, and john foster dulles was the lawyer who worked on many of monnet's banking operations. monnet was an influential figure in president roosevelt's close circle. it would only be a slight exaggeration to say of him what max jakobson said of paasikivi's position during the war : that he was a sort of " outsider on the inside ". in any case, it was an exceptional position for a frenchman to be in. when war broke out, member of parliament, robert schuman was involved in the evacuation of his constituency of thionville. in 1940 he was appointed france's under - secretary of state for refugee affairs. he was the high - ranking government official first to be notified of the massive german offensive in may 1940. the french government was transferred to vichy and schuman with it. but when all constitutional powers were conferred on marshal petain by decision of the national assembly, schuman realized that he had been caught in a trap. schuman left vichy and returned to his constituency in august 1940