As a consequence of the substantial strengthening of the regulatory requirements on trading book exposures and on securitisation, the relative attractiveness of traditional investment banking activities is expected to decline. Similarly, with the envisaged introduction of the non-risk based leverage ratio, certain institutions specialised in business lines that are traditionally considered as relatively low-risk (e.g.
Manufacturing conditions have likewise improved. The S&P Global Philippines Manufacturing Purchasing Managers’ Index reached 54.1 in May this year, highest in over four years. Consumer confidence is on an uptrend. Consumer sentiment is less pessimistic in Q1 2022 and more optimistic for the next 12 months at 30.4 percent.