Stress test shows PH banks safe from Brexit

The Philippine banking system will only suffer a limited impact from the Brexit, the United Kingdom’s exit from the European Union, according to the results of a recent stress test, the central bank said on Tuesday.

“We expect that if there is any Brexit impact on the Philippine banking system, it is going to be minimal,” Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. told reporters on Tuesday.