on the governance of algorithms which outlines the principles of the proper use of ai in the financial sector, its 1st tech sprint to test the market in practice on the concept of algorithm explainability. and, i believe the experiment was as instructive for the participants – who were made aware of the supervisory authority ’ s expectations – as it was for the acpr itself, which witnessed the emergence of extremely promising methods and avenues for a future “ trustworthy ai ". in order to conclude my speech, i would like to come back to the value of the french financial centre ’ s “ team spirit ", with one assurance and one invitation : 3 / 4 bis central bankers'speeches 1° the assurance is that the openness of the banque de france and the acpr to the innovative ecosystem will continue to guide our action and our strategy in the years to come. launching experiments on new practices? creating a digital platform for experimentation common to the banque de france and fintechs? all your suggestions to move forward together in this direction are welcome... 2° the invitation is for private players to think collectively if they want to consolidate the ecosystem in which they are developing. i would like to mention a few areas that seem to me to warrant such a collective investment : data sharing, in accordance with the principles of the gdpr, of course ; interoperability issues, for example in the thriving world of blockchains and decentralised finance ; the development of standards, or even certification techniques, in the field of security, ai use and, last but not least, the preparation for the energy transition and the development of green finance. these are all good reasons to continue our dialogue in the coming months and to meet with you, for example next year, to take stock of all these issues! thank you for your attention. 4 / 4 bis central bankers'speeches

. there are two interoperable clearing houses in the country - - pesonet and instapay. as of march 31, 2022, participating banks and electronic money issuers registered with pesonet stood at 96, while that with instapay totaled 66. likewise, the digital payment streams of the national qr code standard, or qr ph, has expanded to cover person - to - merchant and person - to - person payments. we are also broadening the use cases for three digital payment streams this year. first is the interoperable bills pay facility, which will address the existing fragmented bills payment mechanism. second is the request to pay facility, which will empower payees to initiate collections of nonrecurring receivables. third is the direct debit, which will allow customers to better manage recurring payments. we have also issued the open finance and digital banking frameworks to accelerate digital transformation and financial inclusion. the open finance framework promotes consent - driven data portability, interoperability, and collaborative partnerships among entities that adhere to the same standards of data security and privacy. the digital banking framework provides the regulatory guidelines for setting up and operating a digital bank in the country. in line with our digital transformation roadmap, the bsp has issued licenses to six purely digital banks. the bsp, or the central bank, has also commenced initiatives in the digitalization of offshore payments. we are prioritizing the establishment of interoperable cross - border real - time retail payment systems among asean member states. with digitalization and financial technology re - shaping the landscape of the philippine banking system, the central bank stands ready to reform, innovate, and transform. we do so by providing an enabling regulatory environment to keep pace with the evolving developments in the financial system and to prepare the country as it faces the challenges of the future. moving forward, i see these wide - ranging reforms ultimately creating tangible economic benefits to the filipino public, as the central bank remains committed to promoting price stability and a resilient, responsive, and inclusive financial system. i ’ ll stop here. thank you.