. with the pandemic, financial inclusion has been recognized further as an urgent national development agenda, rightly necessitating a whole - of - nation approach. the philippine statistics authority has been ramping up its implementation of the philippine national id system or philsys which will be a gamechanger for financial inclusion addressing, long - standing barriers to account ownership in the informal and low - income sector. meanwhile, on march 10 this year, president rodrigo roa duterte signed the executive order no. 127 as a policy reform to expand the satellite broadband market to speedily connect 1 / 2 bis central bankers'speeches underserved rural communities. this will enable rural communities to join the digital economy and partake of its benefits. sa pamamagitan ng philsys at pagpapalaganap ng mobile at internet access sa ating bansa, masmarami pang pilipino ang mahihikayat na gumamit ng digital financial services. kasama rito ang ating mga kababayan na pwd. we laud the national council on disability affairs and other stakeholders for upholding and protecting the rights of the pwd sector. rest assured that the bangko sentral ng pilipinas is committed to continuously engage the sector so we can better respond to your needs. naririnig po namin kayo. in july 2020, we introduced enhanced tactile marks in our banknotes to aid the elderly and visually impaired in identifying denominations easier. the bsp is also now exploring the addition of braille functionality to our banknotes, which aims to benefit as many as 2. 5 million visually impaired filipinos. we recognize that many members of the pw d are highly vulnerable to and experienced unfair practices. we are reminding banks and other bsp - supervised financial institutions to enforce non - discrimination policies and promote access to welfare - enhancing financial services of our pwd sector. we hope this webinar will be informative and serve as a platform for deeper engagement to promote the financial welfare and empowerment of our country ’ s pwd sector. sama - sama nating isulong ang kaunlaran ng pilipinong may kapansanan sa gitna at lampas ng pandemya. maraming salamat po. 2 / 2 bis central bankers'speeches

mahesh kumar jain : governance in banks - driving sustainable growth and stability speech by mr mahesh kumar jain, deputy governor, of the reserve bank of india, at the conference of directors of banks, organised by the reserve bank of india for public sector banks on 22 may 2023 in new delhi and private sector banks on 29 may 2023 in mumbai. * * * governor, deputy governor shri m r rao, colleagues from the rbi and distinguished directors of banks. good morning. it is indeed an honour to be here to discuss a topic of utmost importance : governance in banks a€ “ driving sustainable growth and stability. you are seasoned professionals with expertise in your domains. today, i intend to share some insights from my experience both as a practitioner as well as supervisor. 2. we had three key objectives in mind for holding this conference. these are : ( i ) the governor emphasized the strength, stability, and resilience of the banking system, achieved through collective efforts of the government, rbi, and the banks. while progress has been made, addressing downside risks is vital for india's journey towards becoming a developed economy. banks are needed to mobilise savings, promote financial inclusion, facilitate job creation by supporting msmes, among others. we would like to highlight the importance of strong governance and leadership which are crucial for long - term health of the sector. ( ii ) secondly, the rbi has taken several initiatives in the recent past for strengthening its supervisory processes. this conference gives an opportunity to provide an overview of these initiatives and share some of the supervisory insights. ( iii ) thirdly, there has been an increasing focus on data analytics as a powerful tool for assessing both idiosyncratic as well as systemic risks in banks. by leveraging large volumes of data and advanced analytics techniques, it is possible to gain deeper insights into risk profiles of banks and identify potential vulnerabilities. the intention is to brief you on these initiatives so that banks can leverage on their own data analytic capabilities to make data - driven risk management decisions, improve risk assessment accuracy, and enhance their ability to anticipate risks. challenges 3. in the past decade, the banking sector has overcome numerous challenges. however, complacency is not an option, as banks now face a dynamic environment arising from technological disruptions, cybersecurity threats, evolving customer expectations, global headwinds, and the need to attract and retain talent. among these challenges, three areas require