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Philippines :, Financial System Stability Assessment Update

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
Table Of Contents
Cover; Contents; Glossary; Executive Summary; I. Macroeconomic and Financial Setting; A. Structure of the Financial Sector; B. Recent Macroeconomic Trends and Outlook; C. The Corporate Sector; II. Banking Sector Stability; A. Key Risks; B. Stress Tests; III. Banking System Safety Nets; A. Bank Rehabilitation and Resolution; B. Deposit Insurance; C. Liquidity and Risk Capital Assistance; D. Crisis Preparedness and Crisis Management Arrangements; IV. Financial Sector Oversight; A. Banking; B. Capital Market; C. Insurance; D. AML-CFT; V. Developmental Issues in Nonbank Sectors
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (45 p.)
Specific Material Designation
Form Of Item

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