Financial regulators wary of 'unconventional interventions'

Financial regulators wary of 'unconventional interventions' sparking future crises


BusinessWorld
May 21, 2021 | 5:55 pm
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno — PHILSTAR/GEREMY PINTOLO
Regional financial regulators believe the economic downturn resulting from the pandemic could warrant “unconventional interventions” from governments beyond the normal toolkit for dealing with crises, which in themselves could also be sources of future financial instability. 
Benjamin E. Diokno, governor of the Bangko Sentral ng Pilipinas (BSP), co-chaired a meeting Tuesday of the Regional Consultative Group for Asia (RCGA), during which participants sought to map out likely scenarios for the economic crisis moving forward.  
The participants recognized the need for “unconventional interventions” that could affect market conditions over time.  

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