NEWLY appointed Bangko Sentral ng Pilipinas (BSP) Gov. Eli Remolona said on Tuesday that one of the goals of the BSP is the development of the country's capital market, and securitization supports said goal of the country's central money authority.

In a meeting with the National Home Mortgage Finance Corp. (NHMFC) alternate board of directors and key officials led by NHMFC President Renato Tobias, Governor Remolona stressed that securitization liquefies nonliquid assets, allowing the production of more loans and mortgages, which help develop the capital market. He added that capital market development supports the liquidity of monetary banks.