Philippines: Financial System Stability Assessment Update

International Monetary Fund

No 2010/090, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; bank assets; bank secrecy; capital market; liquid asset; solo bank level; trading portfolio; mutual fund; credit risk; risk capital; market share; bank asset quality; bank Rehabilitation; bank profit; Loans; Stress testing; Insurance; Financial Sector Assessment Program; Global; Asia and Pacific (search for similar items in EconPapers)
Pages: 44
Date: 2010-04-07
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