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Systemic risk, anyone? | Santiago F. Dumlao Jr.

THIS article is an attempt to create an awareness of systemic risk by pulling out information from the 2nd Semester 2021 Financial Stability Report of the Financial Stability Coordination Council (FSCC) chaired by the Bangko Sentral ng Pilipinas (BSP) Governor. The FSCC institutional members are the BSP, Department of Finance, Securities…
Bangko Sentral Exchange Commission Regional Consultative Group For Asia Lehman Brothers Insurance Commission Philippine Deposit Insurance Corp

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Bank Of England: Consultation On Proposal To Withdraw Financial Policy Committee's Mortgage Affordability Test Published

<p><span>In 2014 the Financial Policy Committee (FPC) introduced two Recommendations to guard against a loosening in mortgage underwriting standards and a material increase in household indebtedness that could in turn amplify an economic downturn and so increase financial stability risks.</span></p>
United Kingdom Financial Policy Committee Stability Report

IMF cautions emerging markets tailor response based on circumstances

With Covid curbs posing an upside risk to retail inflation and putting considerable pressure on the Reserve Bank of India to raise interest rates, the IMF has cautioned emerging markets should tailor their response based on their circumstances and vulnerabilities. "Some emerging markets have already started to adjust monetary policy and are preparing to scale back fiscal
With Covid Reserve Bank Stability Report Business News

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