amando m tetangco, jr : ensuring efficient & eco - friendly asean mints speech by mr amando m tetangco, jr, governor of the central bank of the philippines ( bangko sentral ng pilipinas ), at the 14th technical meeting of mints in asean ( teman ), manila, 23 november 2009. * * * distinguished members and participants to the 14th technical meeting of mints in the asean, special guests, good morning! on behalf of the bangko sentral ng pilipinas and our security plant complex, it is with pleasure that i welcome all of you to the philippines for the 14 teman conference. as you may have noticed, the conference theme we adopted is spcwhich stands for “ strengthening partnership and cooperation. ” i understand that in indonesia, the abbreviated word teman means friends. what better way to move forward with friends therefore than to strengthen partnership and cooperation. the organizing committee envisions the conference to be a catalyst for new and dynamic ideas, for critical thinking, and for open discussions on issues affecting the minting industry. among others, we want to create more value for our products, to facilitate advancements and enhancements in our systems, and to contribute ultimately in the broader and lofty task of building up our respective nations. indeed, teman plays a vital role in empowering its member mints to provide quality products and services to their people. given the global financial crisis that had triggered a global economic slowdown, teman must take appropriate steps to work out a common agenda that will promote process and cost efficiencies, while addressing urgent issues such as the need to adopt more environment - friendly processes. ladies and gentlemen. the world has realized that there is no progress to speak of if this is made at the expense of the environment ; because in the end, it is a step backward not forward if the environment suffers as a result of our operations. we have seen how industrialization made for the benefit of human beings has been generating toxins and pollutants which now threaten the very same human beings. the challenge for teman therefore is to align itself with the goals of the association of southeast asian nations which is committed to continue sustainable development or the pursuit of a green and eco - friendly economy. afterall, the 10 teman members have one thing in common : we are all members of asean. that goes for brunei darussalam, cambodia, indonesia, lao pdr

sabine lautenschlager : after one year of european banking supervision, have expectations been met? speech by ms sabine lautenschlager, member of the executive board of the european central bank and vice - chair of the supervisory board of the single supervisory mechanism, at the austrian bankers ’ business lunch, frankfurt am main, 13 january 2016. * * * ladies and gentlemen, with christmas and new year now behind us, this is a good opportunity for a brief look back at the last 12 months – the first full calendar year of the single supervisory mechanism ( ssm ). i will also look ahead to the forthcoming year, turning my attention to the issues facing banking supervision in 2016. after a year or so of operations, it is time for the ssm to ask itself whether european banking supervision has succeeded in fulfilling the high expectations that people had of it. our task is to make the ssm a truly european institution, combining the experience of 19 different national supervisory authorities and establishing a common standard that allows banks to be supervised without the influence of national interests. it is important in that regard that the ssm identifies risks in good time, reacts quickly, and acts both efficiently and effectively. has the ssm lived up to these expectations? i believe it has. as vice - chair of the supervisory board of the ecb, i am of course biased, so i would like to offer some evidence in support of this assertion. last year saw the successful completion of our supervisory review and evaluation process ( srep ), which was conducted on the basis of a uniform methodology. that enabled us, for the very first time, to measure institution - specific risks in the euro area ’ s largest banks using a common yardstick. what is more, we also plan to make full use of the options and discretions that european law makes available to competent supervisory authorities, exercising them in a uniform manner across all euro area countries. thus, we have begun to foster harmonisation in this area as well. such efforts over the last year have helped us to lay the foundations for truly european banking supervision. consequently, our focus this year will shift slightly – from the methodology and structures of banking supervision to its content. banking supervisors are effectively tasked with worrying. that is what we are paid to do. our work involves looking for risks that could potentially pose a threat to the stability of the banking system. looking ahead to 2016, we have identified a series of risks and, on the basis of those risks,