In particular, since 2008 there have been important changes to banking regulation, both internationally and domestically, aimed at mitigating financial vulnerabilities. These changes generally come under the heading of macroprudential policies. Changes brought by government and regulators have helped make the financial system more resilient by reducing the potential buildup of imbalances and by ensuring that financial institutions are capable of absorbing important shocks.
  Total loans booked under the program reached P53 million. These loans not only helped end-user borrowers finance the needs of their businesses but helped their immediate communities as well. Loan applications amounting to P156 million are in various stages of processing and approval. Given these numbers, it is safe to say that CSFs have gained traction.