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The International Monetary Fund (IMF) recommends that the Philippine central bank implement additional stress testing work such as a more granular macro-scenario evaluation of bank-related financial pressures to mitigate systemic risks coming from the still ongoing pandemic, climate change and other
This undated photo courtesy of the Financial Stability Coordination Council shows (from left) Insurance Commissioner Dennis B. Funa; Bangko Sentral ng Pilipinas, Governor Benjamin E. Diokno; Securities and Exchange Commission Chairman Emilio B. Aquino and FSCC Technical Secretariat Head Johnny Noe E. Ravalo during the FSSC quarterly meeting. According to…
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the recovery of post-pandemic financial markets will have to depend on socio-economic interlinkages and on how the different economies behave with one another to manage emerging systemic risks. BSP Governor Benjamin E. Diokno Dio
Published April 13, 2021, 7:00 AM The International Monetary Fund (IMF) is urging the Bangko Sentral ng Pilipinas (BSP) to strengthen its bank resolution and crisis management policy beginning with the “too big to fail” banks for early intervention and timely remedial action, making it easier to release emergency liquidity assistance (ELA). In this file photo taken on April 15, 2020, the seal of the International Monetary Fund (IMF) in Washington, DC. (Photo by SAUL LOEB / AFP / MANILA BULLETIN) In its latest “Financial System Stability Assessment” (FSSA), IMF strongly recommended tha...