Moreover, uncertainty about the ability of large financial institutions to fund their commitments eroded confidence in counterparties more generally. Risk premiums and term premiums rose rapidly, and investors sought refuge. The principles, products, and practices  7  4  Warsh, "Financial Intermediation and Complete Markets."
This is in addition to the Economic and Financial Learning Centers which the BSP has set up in our regional offices in La Union, Cebu and Davao, as well as in our 19 branches all over the country. The KRN and our EFLCs complement each other: our KRN is based in our partners’ libraries while EFLCs are based in BSP offices and branches.