This is important for ensuring that the banks remain socially relevant. 16. The banks need to beef up their market intelligence and economic analysis, so that they can catch demand-supply gaps, such as those in minerals and mining space, better than they have. Only then can the deterioration in asset quality be turned around. Have the banks sufficiently moved in this direction?
For these regulations and other related policy initiatives, the Economic Intelligence Unit in its 2018 Global Microscope Report cited the BSP for its focus to create an inclusive digital finance ecosystem and the regulatory enablers for financial inclusion.