suspected unlawful and criminal cases have been transferred to the mps. besides, approximately 100, 000 individuals voluntarily gave up conducting banking business when the verification result indicated inconsistency. the online verification has brought about primary social effect. it is anticipated that the development and operation of the online verification system will have a great role in deterring crimes. at present, the cases of online verification stand at more than 1, 200, 000. the operations of the system remains stable while responding to verification with a relatively fast speed, as well as various businesses are well dealt with. the online verification is promoted in a stable and orderly way. iii. taking effective measures to comprehensively implement the use of real names for bank accounts. the state council leaders have always paid great attention to developing and promoting the online verification system. they have required the pbc to closely cooperate with the mps to improve this important infrastructure work. next, we will take effective measures to promote the implementation of the real name system in every respect by applying the online verification system. improve the relative rules and regulations, as well as working mechanism of the online verification so as to give gull play to the role of the system. we should perfect the relative rules and regulations on online verification based on the experience we have drawn on in order to give more practical instruction to banks with which they are able to execute the online verification more efficiently and conduct relative banking business. we will establish and perfect a mechanism to verify the feedback toward suspicious information, shorten the cycle of feedback verification, and normalize the required procedures so as to keep open a channel to verify the feedback from the system toward suspicious identity information. at the same time, we will strengthen publicity to improve the awareness of the public in terms of the online verification system and the use of real names for bank accounts, and deepen the online verification work so as to give full play to the role of the system in areas of implementing the use of real names for bank accounts, normalizing the order of economy and finance and protecting the legitimate rights and interests of the public. strengthen supervision on the promotion of the online verification system to ensure that every banking outlet has the capacity to execute online verification. now, a small number of banks, particularly rural credit unions could not connect to the system because they do not have enough technical resources. moreover, some banking outlets that connect to the system could not recognize photograph as noted in id card because their terminals could only recognize characters. next, the pbc will continue to

primary responsibility for what has happened, close attention must be given to their culture, their governance and their remuneration practices. the recent g30 report on “ banking conduct and culture – a permanent mind - set change ” 8 reminds us that management focus needs to become a permanent, fundamental, and integral part of how business is invariably done rather than being addressed through a series of ad - hoc initiatives. brexit as i and others have spoken about brexit9 on multiple occasions recently, and it will be discussed in later sessions, i will only cover it briefly now. we are only in the foothills of the potential testing of the resilience of the financial system that a hard brexit will cause. it has short - term and long - term implications for the structure of the irish economy and the irish financial system. any form of brexit will be damaging for ireland, with a hard brexit especially so. recognising these risks, the central bank has been focused on brexit risks since before the 2016 uk referendum. in recent months, we have stepped up our work on mitigating the most material ‘ cliff - edge ’ risks of a hard brexit. from a financial regulation perspective, our work has sought to ensure : the financial system is resilient enough for a hard brexit not to cause significant financial stability risks ; that financial services providers are discharging their responsibilities by taking all necessary steps to protect their businesses and customers to the risk of a hard brexit ; that risks to consumers are mitigated to the greatest extent possible ; and we are delivering a proportionate, robust, efficient and effective authorisation process in line with european regulatory norms, for those firms seeking authorisation in ireland as a result 3 / 5 bis central bankers'speeches of brexit. for insurance, i am satisfied that the majority of firms covering the vast majority of policies written are taking appropriate action. however, there are some remaining risks of consumer detriment. the central bank has worked with the department of finance to support the drafting of legislation to protect customers of insurance products in event of no deal brexit. the draft legislation provides for a temporary run - off regime, which will allow certain uk / gibraltar insurers and brokers to continue to service existing insurance contracts with irish policyholders in the event of a “ no deal ’ ’ brexit. even with this mitigation, there will be negative consumer impacts