This was also the conclusion reached in the Financial Sector Assessment Program conducted under the auspices of the IMF last year. As explained in the September 2006 issue of the Bank’s Financial Stability Review, even under the very extreme assumptions made in that stress test, banks remained profitable. The second perspective is from the point of view of household finances.
Amando Tetangco: Marking time - anchoring strengths amidst uncertainties Speech by Mr Amando M Tetangco, Jr, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), at the Joint Meeting of Rotary Club of Manila (RCM) and Rotary Club of Forbes Park (RCFP), Manila, 5 January 2017.