can do. the program “ banking on your future ” is therefore an important component of our economic and financial education program. the support of the banking sector for this program is essential as you are the practitioners and therefore the ideal mentors to work with the youth regarding financial education. the key is knowledge sharing. we do look forward to banks and its branches to get involved in their neighbor elementary schools to mount parallel financial education activities and to reward best performing schools and students with prizes including savings account. the idea is to make it hip and cool for our students to have savings account that they can nurture and grow. this way, they develop the habit of saving on a regular basis. aasahan po nang ating mga kabataan ang programang ito, kasama na ang ating mga bisitang mag - aaral mula sa aurora a. quezon elementary school. there are about 38, 000 elementary schools there are about 7, 000 bank offices and branches. i hope we can cover most, if not all of these schools. ladies and gentlemen. the 16th anniversary of the bangko sentral ng pilipinas also coincides with the celebration of national savings consciousness week. for this year, our theme is particularly appropriate : “ kinabukasan siguruhin, pag - iimpok ugaliin. ” it is only fitting therefore that together we launch the program “ banking on your future ” on this auspicious day. mabuhay ang philippine banking sector! mabuhay ating mga kabataan! maraming salamat po sa inyong lahat.

guy quaden : basel iii and beyond speech by mr guy quaden, governor of the national bank of belgium, at the eurofi financial forum, brussels, 28 september 2010. * * * ladies and gentlemen, i am very pleased to have the opportunity to participate in the brussels eurofi conference and to share some thoughts with you at this opening session. it is now just about 3 years after the us subprime crisis triggered world - wide financial turbulence and 2 years after the collapse of lehman brothers dramatically escalated the crisis. the crisis has seriously dented belief in the ability of the markets to regulate themselves. there are currently a lot of items on the agenda of international fora waiting to be dealt with. the financial stability board at the g20 level as well as ecofin at the eu level have drawn up detailed roadmaps to pave the way for extensive reforms. the crisis has indeed given rise to a unique momentum for profound reforms of the financial system. we should not let this momentum slip away. unfortunately the general public sometimes gets that impression. of course many complicated technical issues have had to be resolved. and i admit that it will be important to introduce the new regulations in a timely manner so as not to hamper the smooth flow of credit which will be required to support the nascent recovery. in fact, while there is much discussion as to the design of the exit strategy from the public support measures, in the monetary and financial fields, we should be equally aware of the need for an entry strategy for moving over to more comprehensive regulatory requirements. from this point of view the recent proposal coming from basel represents a very important contribution. two weeks ago, the group of governors and heads of supervision, the oversight body of the basel committee on banking supervision, endorsed a broad proposal to strengthen the quality and quantity of regulatory capital held by banks and to institute a global liquidity standard. this proposal, the heart of the new basel iii framework, will be submitted to the approval of the leaders of the g20 countries at their november summit in seoul. the proposal represents a major reform of banking regulations, which should substantially improve the resilience of banks to stress conditions, thus reinforcing financial stability and reducing the occurrence of a new crisis with injection of public money. key elements include not only an increase in the minimum regulatory capital requirement but also an increase in the amount of capital that must be held in the form of common equity, which offers the greatest capacity for loss absorption. i will