There was a problem loading image cleardot.gif

Council stays vigilant against potential risks to financial market



By Rose de la Cruz


The Financial Stability Coordination Council (FSCC) recently held its quarterly meeting to assess and review potential risks to the continued stability of the Philippine financial market.


Launched in February 2014, the FSCC is composed of five government institutions tasked to foster a strong and resilient financial system that supports market innovation and mitigates any build-up of systemic risks. These institutions are the Insurance Commission; National Treasury (for the Department of Finance); Bangko Sentral which chairs the FSCC; Securities and Exchange Commission and the Philippine Deposit Insurance System.


The members of the council collaborate and coordinate to identify, manage, and address external and internal risks to financial stability to protect financial consumers and our economy.


The latest systemic risk review highlighted the country’s strong economic performance on several fronts.


This has been driven primarily by local sources of growth, specifically by increased consumption from individuals fueled by more disposable income and by government expenditures.


This positions the Philippines well in the ASEAN and global context where the latest forecasts from the International Monetary Fund shows continued growth over the next few years.


Various risks that could potentially dampen further growth momentum were discussed by the FSCC.


Global issues flagged by third-party institutions as well as local challenges were reviewed as to their likelihood and impact. The availability of additional market liquidity to support the government’s infrastructure development program and the uptrend in market prices (global interest rates and benchmark currencies) were primarily considered in the light of the technical models which have been designed by the FSCC Technical team.


Since “financial stability” has a forward-looking in perspective and pre-emptive in nature, the FSCC highlighted the necessity for continued vigilance in the surveillance of unfolding market developments and in systemic risk monitoring.


The council likewise looked towards strengthening its communication initiatives across various stakeholders.  Sitting on the Council’s Executive Committee are the principals and senior officials of the five agencies, including the Bureau of the Treasury. The Council is chaired by BSP Governor Nestor A. Espenilla Jr.

Like us in Facebook


Latest News

NEDA wants stronger push for exports

    By Rose de la Cruz     The National Economic and Development Authority wants a stronger and more aggressive push for Philippine exports to... Read More...
Japan remains top ODA source

    By Rose de la Cruz   Japan continues to be the main source of official development assistance of the Philippine government, where... Read More...
Bong still unsure of Senate run

Should he stay or should he go?  This is the question that Special Assistant to the President Christopher “Bong” Go is trying to answer and... Read More...
IMAGE In the know: Solar Philippines

Solar Philippines is currently the country’s – and Southeast Asia’s – largest solar-energy company. Founded in August 2013 by Leandro... Read More...
Wrong Dream Girl and Other Laughs

Wrong Dream GirlA FROG telephones the Psychic Hotline. His Personal Psychic Advisor tells him, "You are going to meet a beautiful young girl who will... Read More...
Confession Code and other laughs

Confession Code AN old priest who became sick of all the people in his parish who kept confessing to adultery said one Sunday, in the pulpit,"If I... Read More...

KAMAKAILAN ay tumawag ng atensyon ang plano ni Sen. Manny Pacquiao na maghain ng panukalang batas na naglalayon na isama bilang bahagi ng curriculum... Read More...

SUPORTADO nang ibat-ibang consumer group kabilang na ang Institute for Consumer Research and Empowerment (ICORE) ang panukalang dapat putulin na ang... Read More...

Our Guests

This week3900
This month12610

Visitor Info

  • Your IP:

Who Is Online


Thursday, 16 August 2018
© 2016 OpinYon News Magazine Online. All Rights Reserved.

Please publish modules in offcanvas position.