In fact, Philippine banks have emerged stronger and better-capitalized, at a time when even global financial giants are crippled by severe losses from the continuing turmoil in the financial market. This is the result of political will on the part of the Monetary Board and the rest of the Bangko Sentral to ensure that our banks adhere to prudential standards.
Comprehensive and thorough examination reports prepared by our examiners provide solid underpinnings for our decisions and actions and they are able to produce such, even when they are being subjected to pressures and threats. Indeed, we are fortunate to have world-class and courageous central bankers – people of integrity.