All of you here today are working on these new and improved recipes, and while there is still some way to go, I am in no doubt you are on the right track to come up with successful recipes. Thank you for your attention. 1 Dombret, Andreas (2016): Digitalisation – repercussions for banks and their supervisors.
Another strength of the Philippine economy is our sound and stable financial system, an offshoot of a long list of regulatory reforms since the Asian financial crisis. Prudent lending standards help banks keep their bad debts manageable while ample capitalization enables them to absorb shocks. Credit rating agencies share the view of the Philippine economy’s resilience.