As of end-June 2018, the asset base of the banking industry reached over Php 15.7 trillion, higher by 10.3 percent a year ago. Asset quality remains satisfactory. There is also continuing build-up in capitalization. The risk-based capital adequacy ratio (CAR) of U/KBs as of end-March 2018 stood at 14.48 percent on a solo basis and 15.07 percent on a consolidated basis.
Blinder and others have alleged that, “Chairman Alan Greenspan is credited with raising Fedspeak to a high art … even characterizing his own way of communicating as mumbling with great incoherence” (Blinder et al, 2000).