Philippines: Financial System Stability Assessment Update

April 7, 2010

Preview Citation

Format: Chicago

Philippines: Financial System Stability Assessment Update, (USA: International Monetary Fund, 2010) accessed November 23, 2024

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.

Subject: Banking, Financial crises, Financial institutions, Financial Sector Assessment Program, Financial sector policy and analysis, Insurance, Loans, Mutual funds, Stress testing

Keywords: Asia and Pacific, Bank asset quality, Bank assets, Bank profit, Bank Rehabilitation, Bank secrecy, Capital market, CR, Credit risk, Financial Sector Assessment Program, Global, Insurance, ISCR, Liquid asset, Loans, Market share, Mutual fund, Risk capital, Solo bank level, Stress testing, Trading portfolio

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/090
Stock No:

1PHLEA2010002
ISBN:

9781455203833
ISSN:

1934-7685

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