Risk to Asian financial stability remains

CEBU: The impact on Asian financial markets of the United States’ monetary policy, particularly the stimulus tapering, has been “so far so good,” according to a regional consultative group, but it warns of remaining risk and urges the region to constantly watch out for any potential shifts in global risk appetite.

Regional discussions on global risks and its possible impact on Asia are essential to maintaining stability in Asia’s financial markets, Bangko Sentral ng Pilipinas (BSP) and members of the Financial Stability Board (FSB) Regional Consultative Group for Asia (RCGA) said in their sixth meeting held here late last week.