In this manner, many more MSMEs and cooperatives stand to benefit from the CSF program. In this connection, the total trust fund of CSFs has also continued to grow – it now stands at P515 million, 8% higher than last year. In other words, the CSFs as a whole, can guarantee more bank loans.
Currently, authorities at national and international level, including the ESRB, the FSB and  2/4  BIS - Central bankers' speeches  the IMF, are investigating the concept of "systemic cyber risk" as a potential threat to financial stability. Building cyber resilience, cooperative oversight and crisis management frameworks are top priorities for financial authorities worldwide.