The single resolution mechanism has received broad agreement  2  Emerging Asia includes China, India, and the ASEAN-5 countries (Indonesia, Malaysia, the Philippines, Thailand, and Viet Nam). BIS central bankers’ speeches  3  at the finance and EU leaders level, but this is still for ratification in the EU Parliament in May.
Market volatility may heighten as markets carefully watch how the issues will be resolved. In the face of these risks, the BSP has a menu of options that could be deployed:   We have standing facilities to ensure adequate domestic liquidity for banks should funding sources dry up.