Page 15 - Stability Report News Today

An assessment of our largest banks’ residential mortgage exposures to flooding risk has advanced our understanding of the financial stability risks posed by climate change. The results furthered the initial findings published in our November 2022 ...

Scoop Auckland provides news and views from Auckland, New Zealand

Business Scoop provides news and views on Business and Markets from New Zealand

Borrowers have the right to be heard before banks classify their accounts as fraud, the Supreme Court ruled on March 27.

The results furthered the initial findings published in our November 2022 Financial Stability Report and assessed the impact of both coastal flooding

How safe is your money in banks, stocks and bonds in an interconnected financial world?

Based on information supplied by the finance minister, we estimate that the total non-performing assets between 2014-15- 2021-22 years amount to Rs 66.5 lakh crore. Of this, the written-off quantum appears to be Rs 14.5 lakh crore.

THE recent increase in employment may not be enough to ensure higher incomes for Filipinos and guarantee the country’s recovery, according to the Bangko Sentral ng Pilipinas (BSP). If the incomes of Filipinos in 2021 were adjusted for inflation, the BSP estimated that this would lead to a 10 percent…

THE Bangko Sentral ng Pilipinas (BSP) expressed concern that with the country’s energy sector’s dependence on imported refined oil, the Philippines is more vulnerable to refining margins in China, South Korea and Singapore than rising crude prices. Based on the 2022 Financial Stability Report, the BSP said 79.8 percent of…

Financial regulators led by the Bangko Sentral ng Pilipinas (BSP) said the current state of the economy is strong but sees a need in building “system resilience” amid global inflation, high interest rates and exchange rate pressures. BSP Governor Felipe M. Medalla, who is also the chairper