Media and Research - Speeches Philippines: Resilient Today, Economic Powerhouse Tomorrow Date: June 07, 2022 Occasion: UBS OneASEAN Conference Speaker: BSP Governor Benjamin E. Diokno  Officers and staff of UBS, guests, ladies and gentlemen, good morning. The theme of this conference— “Who has the Power?”—is quite thought-provoking.
7 With respect to bond markets, euro area cross-border holdings of long-term debt securities have increased strongly – from about 10% at the end of the 1990s to nearly 60% in 2005 – suggesting that investors are increasingly diversifying their portfolios across the euro area.