You may well ask, how is the Bangko Sentral responding to the global financial and economic crisis? Well, the BSP has been providing ample liquidity to keep the financial markets functioning and able to fund the growth requirements of the economy, amidst the global credit crunch.
Much of this information can change monthly, daily, or even intraday. Once the centrality of accurate, comprehensive information is understood, it becomes apparent that a very significant upgrade of management information systems (MIS) may be the only way for the firm to satisfy living will requirements. Improved MIS are also needed for ongoing risk management at the institution.