Philippines : Financial System Stability Assessment Update

1PHLEA2010002 Image
Price:  $18.00

Release Date: © April, 2010
ISBN : 978-1-45520-383-3
Stock #: 1PHLEA2010002
English
Stock Status: On back-order

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Description

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.

Taxonomy

Anti-money laundering , Capital markets , Financial institutions and markets , Financial system stability assessment , International financial system




More publications in this series: IMF Staff Country Reports