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FSCC monitoring potential vulnerabilities, risks amid shifting global conditions
Business World Philippines
|July 08, 2025
THE FINANCIAL STABILITY Coordination Council (FSCC) is closely monitoring potential vulnerabilities in the Philippine financial system amid a fragile global economic environment.
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The council, during its quarterly meeting held on June 20, reviewed efforts to strengthen the Philippine financial system’s resilience amid shifting global and local conditions, it said in a statement on Monday.
“The FSCC remains committed to inter-agency coordination, data-driven risk monitoring, and deploying needed measures to preserve market confidence and financial system stability,” Bangko Sentral ng Pilipinas (BSP) Governor and FSCC Chairman Eli M. Remolona, Jr. said.
These efforts also include policy initiatives like proposed reforms to the deposit insurance system.
This came even as it noted that Philippine banks have ample capital and liquidity buffers against risks.
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