BIS central bankers’ speeches  3  This dangerous stalemate – the combined effect of a reduced supply of credit and the productive system’s increased dependence on external finance – can be overcome by enlarging direct recourse to the markets, with considerable benefits for firms and banks alike.
Well, it is because the Philippine banking community is going to be even more dynamic with the entry of six banks from these jurisdictions. Like the tea that is good for our body, the entry of these six banks to the Philippines could catalyse further innovations in our banking sector. We expect more to come in. What else do we see in 2016?