5 months Gov’t ready to intervene to ensure financial market health MB |Biz
By Lee C. Chipongian Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the government is ready to secure financial market stability from “brewing” risks through any means including intervention. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno.(Bloomberg) This was Diokno’s statement after the BSP and other government economic agencies met recently for the regular Financial Stability Coordination Council (FSCC). In analyzing the impact to the Philippines of a possible global growth slowdown, Diokno, who is also FSCC chair, said they are ready to “guard the financial system against brewing systemic risks that can have negative consequences on ... more