Monetary authorities will pursue “progressive and proactive prudential reforms” to maintain the country’s resilience against external shocks, the chief of the Bangko Sentral ng Pilipinas (BSP) said.

“With the evolving trends and changing preferences in financial services delivery, we continue to align with international standards while engaging relevant stakeholders for our policies to remain responsive to local conditions,” BSP Governor Nestor Espenilla Jr. told financial industry executives last week.

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