2  See, for example, Plosser (2008) or Plosser (2010). BIS central bankers’ speeches  1  so doing, improve economic stability. Of course, these are my views and do not necessarily represent the views of the Federal Reserve Board or my colleagues on the Federal Open Market Committee.
I believe, therefore, that even as episodes of stormy weather develop, the Philippine banking community can face 2015 with confidence given its strong balance sheet, solid capital base that exceeds global standards, product innovations, and adherence to international standards for governance and risk management.