Notwithstanding the overall positive near-term outlook for financial stability in the new Member States, potential risks implied by rapid credit growth call for continued vigilance by national authorities. Reflecting these concerns, central banks and supervisory authorities have taken several measures in response to rapid credit growth. The most commonly applied measures can be classified under the category of “moral suasion”.
Among others, we acknowledge the support of banks who work with the Bangko Sentral in handling remittances of our overseas Filipinos efficiently at significantly lower costs. Your  2  BIS central bankers’ speeches  reliable service not only benefits our overseas Filipinos and their families, but our economy as well.