It is important for a central bank to actually grasp the situation of individual banks since it is providing credit for them. Also there are various issues regarding actual operation. Credit extension through cross-border collateral, which is currently being discussed among central banks, is one of them.
The BSP remains committed to staying the course: (a) maintaining price stability; (b) ensuring financial sector soundness; (c) strengthening resilience against external shocks; and (d) supporting the national government’s inclusive growth objectives. Thank you. 5/5  BIS central bankers' speeches