IDEAS home Printed from https://ideas.repec.org/p/bhd/spcpub/ch-01.html

​The BSP Book on Risk and Resilience in the Philippine Financial System: How Much Has Changed? Chapter 1: Risk and Resilience in the Philippine Financial System: An Overview

Author

Listed:
  • Ramon Moreno

    (Bangko Sentral ng Pilipinas)

  • Veronica B. Bayangos

    (Bangko Sentral ng Pilipinas)

Abstract

This chapter discusses how the Philippine financial system’s resilience to crises strengthened from the 1970s to the 2020s. It links the impact of shocks from the early 1980s to the COVID‑19 pandemic to changes in macro buffers (public and external debt, reserves) and bank‑credit cycles. The severity of early crises reflected weak buffers, heavy external borrowing, regulatory gaps, and the buildup of unexpected risks. Later shocks were softened by fiscal consolidation, stronger regulation and supervision, and higher capital and liquidity. The chapter also explains how reforms and internal corporate capital markets appear to have helped banks and conglomerates manage NPLs and funding stress, but notes that shallow capital markets, complex conglomerate structures, and weak infrastructure governance could still challenge resilience.

Suggested Citation

  • Ramon Moreno & Veronica B. Bayangos, "undated". "​The BSP Book on Risk and Resilience in the Philippine Financial System: How Much Has Changed? Chapter 1: Risk and Resilience in the Philippine Financial System: An Overview," BSP Special Publications ch-01, Bangko Sentral ng Pilipinas.
    • Handle: RePEc:bhd:spcpub:ch-01
    as

    Download full text from publisher

    File URL: https://www.bsp.gov.ph/SiteAssets/Pages/FinancialStability/Book_Risk%20and%20Resilience/Chapters/2_Chapter%201__Risk%20and%20Resilience%20in%20the%20Philippine%20Financial%20System_03%20June%202026.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bhd:spcpub:ch-01. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MB Pagalunan (email available below). General contact details of provider: https://edirc.repec.org/data/bspgvph.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.