The use of information technology in carrying out financial transactions was highly encouraged during the lockdown. Support for Continued Financial Services Delivery. The BSP granted operational relief measures to assist BSFIs in focusing their limited resources on the delivery of financial services to financial consumers, including MSMEs, and support their subsequent recovery efforts. Support for Sufficient Level of Domestic Liquidity and Economic Activity.
It is clearly their duty to prepare for risks. We conduct monetary policy with a mandate of price stability. We don’t issue a blanket guarantee for the financial system. Won’t this risk awareness be undermined if the ECB promises to be active in the markets “for a long time”? But we are doing that with a clear objective – price stability.