The vision document, discussed the characteristics of the sector, analyzed the problems afflicting the banks and proposed the following regulatory and supervisory strategies for dealing with the problems affecting the sector: a)  Nuanced and granular approach to supervision and regulation  Highlighting the heterogeneity of the sector, the Vision Document observed that the “one size fits all” approach to regulation and supervision of UCBs needed to be abjured and a multilayered regulatory and supervisory approach be adopted keeping in view the heterogeneity of the sector.
5/7  BIS central bankers' speeches  The prestigious publication, The Economist, also acknowledged the Philippines’ relatively strong financial strength based on four metrics, namely public debt, foreign debt, cost of borrowing, and reserve cover. It assessed the Philippines as the 6th best among 66 emerging economies, and number one among its Southeast Asian peers.