Felipe M Medalla: Creating a resilient financial system amid interconnected risks - balancing growth and inflation while minimizing disruptions Speech by Mr Felipe M Medalla, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), at the release of the 2022 Financial Stability Report, Manila, 9 January 2023. *** Good afternoon, everyone, especially all my colleagues in government.
Offshore capital market funding can be less stable than domestic capital market funding, as during crises investors often have a strong home bias. The behavioural maturity of a given funding source can also be very different from the contractual maturity, especially during financial crises.