Iran war poses ‘material but manageable risk’ to stability – BSP
Regulators say Philippines’ banks resilient to systemic financial stress while highlighting cyber threats
The risks to the Philippines’ financial sector from the Middle East conflict are real but manageable, according to a report co-published by the country’s central bank.
The financial stability council – which includes the Central Bank of the Philippines (BSP) and four other regulators – published its annual report today (June 8). A section of the report, dated March 6, states that the Philippines is primarily exposed to the effects of the conflict via two channels: “Imported inflation from higher
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