This topic has been raised by some regulatory relief proposals, but it has much broader policy implications for the structure and supervision of the banking industry. BIS Review 14/2006  1  Interest on reserves and reserve requirement flexibility (Matrix Nos.
Meanwhile, InstaPay-related transactions reached 29.5 million with total value of P141.2 billion as of end-August 2020. This represents huge respective growths of 312.2 percent in volume and 206 percent in value compared to the end-March 2020 level. Total assets of the banking system reached P18.6 trillion as of end-June 2020 with an average growth rate of 11.5 percent in the last 10 years.