Also, the participation profile remained skewed. The share of foreign banks is at above 80%, whereas the share of public sector banks is at around 1%. The OIS curve has been below the G-Sec curve for most of the time. In the OTC FX derivatives, forwards have been the most widely used instrument followed by swaps and options.
Amando M Tetangco, Jr: Microfinance improves lives and bank profits Speech by Mr Amando M Tetangco, Jr, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), at the 12th Citi Microentrepreneurship Awarding Ceremony, Kuala Lumpur, 3 December 2014.