For instance, the work on stress-testing by regulators, central banks and international organisations (such as the IMF’s Financial Sector Assessment Programme activities), has revealed the difficulties for banks to introduce into their internal models a) scenarios which affect systemic liquidity, or b) assumptions on the behaviour/failure of large market participants under stress. Fourth, how can we move forward?
1/4  BIS central bankers' speeches  We implement these advocacies not only because they embody the BSP mandate to “promote broad and convenient access to high quality financial services and consider the interest of the general public” (Republic Act No. 11211). We focus on financial education not only because two laws, the Youth Entrepreneurship Act (RA No.