Framework to manage systemic risks out

The Financial Stability Coordination Council (FSCC) has released a publication that details its strategies and tactical elements in using macroprudential policy to manage systemic risks in the financial system.

In a virtual briefing on Tuesday, FSCC Chairman and Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said the Macroprudential Policy Strategy Framework “reflects how your financial authorities define systemic risks, how we are monitoring changes in risk behaviors, and how we are moving forward in managing this policy concern.”