The goal of this supervisory assessment was to ensure that the equity capital held by these firms was sufficient – in both quantity and quality – to allow those institutions to withstand a worse-thanexpected macroeconomic environment over the subsequent two years and yet remain healthy and capable of lending to creditworthy borrowers.
Here at home, greater collaboration and cooperation among ourselves – private businesses, firms and government agencies – will reinforce our competitive position. As you know, the BSP actively engages exporters through the regular conduct of the Conference on Gearing Up for External Competitiveness (CGUEC) and the annual Exporters’ Forum. We also conduct consultative one-on-one meetings.