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BSP, IMF concerned over risks tied to non-bank financial sector
The Philippine Star
|November 20, 2024
MACTAN, Cebu - The Bangko Sentral ng Pilipinas (BSP) and the International Monetary Fund (IMF) raised concerns over the growing risks tied to the expansion of the non-bank financial sector and emerging technologies.
During the 2024 BSP-IMF Systemic Risk Dialogue in Cebu, BSP Governor Eli Remolona Jr. said the non-bank financial sector has noticeably grown since the global financial crisis.
He said that while the growth of the non-bank sector diversifies the financial landscape and reduces concentration risks, the risks have not entirely shifted away from traditional banks.
Instead, the interplay and interdependencies between banks and non-banks create a more complex dynamic that regulators need to monitor carefully.
Cette histoire est tirée de l'édition November 20, 2024 de The Philippine Star.
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