BIS Review 34/2007  1  In banking, much progress has been made to clean up the stock of non-performing assets that built up since the 1997 Asian financial crisis…. and banks have stepped up the pace in their re-capitalization efforts. Operational improvements have likewise been introduced to strengthen risk management processes and to achieve more efficient operations.
Nestor A Espenilla, Jr: Navigating the digital frontier Speech by Mr Nestor A Espenilla, Jr, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), at the Chamber of Thrift Banks Annual Convention, Makati City, 10 April 2018.