It is consistent with the BSP’s drive to establish a responsive, responsible and inclusive financial system that delivers a high quality of life for all Filipinos. While BSP policies and regulations already promote shared value through financial inclusion, we feel the need to deepen our understanding of sustainable finance.
Moreover, deleveraging consists of both structural and cyclical components. It cannot easily be separated into “good” deleveraging which enforces the necessary adjustment of business models and “bad” deleveraging which implies a reduction of healthy business. Again, publicly supported recapitalization is not a sword for cutting the knot, but rather an instrument to assist necessary adjustment. 5.