Philippines : Financial System Stability Assessment Update

Publication Date: April 07, 2010
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Summary: This paper reviews the Financial System Stability Assessment Update on the Philippines. The assessment reveals that the banking sector has been strengthened considerably since the Asian crisis of the late 1990s and today appears generally resilient to a broad range of macroeconomic risks. The impact of the ongoing global crisis has been milder than originally feared, and the macroeconomic outlook is improving, although risks remain elevated in the near term. Considerable progress has been made toward implementing the recommendations of the initial Financial Sector Assessment Program, particularly in banking supervision.
Series: Country Report No. 10/90
Subject(s): Credit risk | Corporate sector | Combating the financing of terrorism | Capital markets | Deposit insurance | Banking sector | Bank supervision | Anti-money laundering | Bank resolution | Financial system stability assessment | Financial safety nets | Nonbank financial sector

Publication Date: April 07, 2010
ISBN/ISSN: 9781455203833/1934-7685 Format: Paper
Stock No: 1PHLEA2010002 Pages: 44
US$18.00 (Academic Rate:
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