MANILA, Philippines—The Bangko Sentral ng Pilipinas (BSP) is working with central banks around the world to guard against emerging threats to financial stability being brought to life by the COVID-19 pandemic, the BSP head said on Wednesday (April 28).
In a statement, BSP Governor Benjamin Diokno—who is co-chair of the Financial Stability Board’s Regional Consultative Group for Asia—said he recently convened a meeting among Asian jurisdictions to assess evolving threats that could hurt recovery efforts.
The meeting was structured as an open and informal discussion. Among the topics discussed was pressures created by the scars left by the COVID-19 crisis on corporate viabi…
Keep on reading: BSP, regional central banks meet to assess emerging financial stability risks