Generally, the main benefit of policy actions to lower macroeconomic risk is that they reduce the probability of a very adverse outcome occurring while raising the odds of achieving an outcome relatively close to the forecasted central tendency.
Meanwhile, stand-alone thrift banks, rural banks and quasi-banks will continue to be covered for now by existing regulations (i.e., Circular Nos. 280 and 400) insofar as credit risk measurement is concerned. However, we are studying enhancements to make the applicable capital regulations more attuned to Basel II principles. Moreover, the guidelines for allocating minimum capital to cover market risk (BSP Circular No.