Three main phases can be identified. The first and second phases of the crisis: system-wide liquidity strains The first and early phase was the immediate post-Lehman Brothers liquidity crisis.
The card production for the Philippine Identification System (PhilSys) and use of Government eReceipts are BSP’s contribution to the e-Government Master Plan of the National Government. Internally, the BSP is strengthening and updating its systems and processes through the Integrated HR Information System and strengthening its information security, including data privacy and cybersecurity.