erode public confidence in the pos system. we therefore enjoin our atm consortia, as well as other financial institutions, to adopt appropriate measures and controls to mitigate such risks. one of your priorities should be an information campaign to ensure that customers are properly informed on how they can perform pos transactions safely and securely, as well as the possible risks involved. customers must also be informed about all applicable fees associated with the use of other networks ’ pos terminals, in accordance with existing bsp regulations on e - money and consumer protection. on our part, we at the bangko sentral will continue to create a policy and regulatory environment that will enable innovations to flourish while ensuring that appropriate controls and safeguards are in place. ladies and gentlemen. changes in our financial landscape and innovations in technology represent both challenge and opportunity for all of us. i believe however that if we remain united by our common goal to provide better service to filipino consumers, we will find the way forward. while we have our respective roles to play, we should find ultimate convergence in working for a better, stronger, and more inclusive banking system ; a banking system that supports balanced and sustainable growth for our country and our people. and so, once again, i congratulate bancnet, expressnet and megalink for proving, once again, that public service is alive and well in the banking sector. mabuhay! maraming salamat sa inyong lahat!

in our te ao maori, climate risk and south pacific remittances initiatives. all of these areas directly impact maximum sustainable employment, financial stability and access to money and cash. te ao maori te putea matua, the reserve bank of new zealand, has a unique position. we are not limited to how we respond to treaty obligations, nor are we under obligation to follow how other parts of the state sector respond to theirs. however, we acknowledge that as a state sector entity that serves all new zealanders, we must recognise a special relationship with maori and the long - term nature of the maori economic eco - system. we recognise te ohanga maori, the maori economy as having a long - term presence. a recent report we commissioned, te ohanga maori 2018, the maori economy report, shows that te ohanga maori has grown in value from $ 42. 6b in 2013, to $ 68. 7b in 2018. 7 maori are an increasing proportion of the new zealand workforce, and we recognise the criticality of maori as key partners in the long term sustainability and stability of the new zealand economy. i would emphasise that te ohanga maori is not a separate, distinct and clearly identifiable segment of the aotearoa economy. it is a closely connected component of numerous pieces of the jigsaw puzzle that together make up the economy of aotearoa. as kaitiaki of the financial ecosystem we must recognise and respond to this important part of the economy. te ohanga maori is key to our legislative objectives and our strategic goals. it is closely linked with our sustainable employment and financial stability mandates by its nature, size and enduring presence. as assistant governor christian hawkesby recently explained in a speech on te waka hourua, our te ao maori strategy8 we are focusing our workplan appropriately. others are also recognising the importance of te ohanga maori. a recent survey found that funding and access to capital were two of the greatest challenges faced by maori businesses. this was supported by the productivity commission ’ s report ‘ new zealand firms : reaching for 2 / 5 bis central bankers'speeches the frontier ’. 9 we want to learn more about how factors like collective land ownership and lower home ownership, and systematic bias might be affecting the rates at which maori businesses access debt and other forms of financing. in response, we have launched a work programme to better understand maori access to capital in the new zealand economy, primarily with a focus on bank