Third, the BSP continuously engages with the BSFIs through the Bankers Association of the Philippines Cyber Incident Database or BAPCID. BAPCID is currently provided by CyberInt, which is a cybersecurity service provider based in Israel.
These countries have reduced their monetary policy flexibility significantly by adopting a currency board arrangement or a relatively narrow currency peg. At the other end of the spectrum are the countries which allow their national currency to float on the foreign exchange markets and primarily pursue an inflation or monetary target. Poland, Slovakia and the Czech Republic fall into this category.