Recent Initiatives

The BSP has been focusing on financial stability since mid-2009 but, in this journey, the most notable developments have arguably transpired more recently. This section contains the recent initiatives of the BSP and the Financial Stability Coordination Council (FSCC) in the collective pursuit on Financial Stability.

Relevant Documents

Macroprudential Policy Strategy Framework: The Case of the Philippines
Released by the Financial Stability Coordination Council in July 2020, the Macroprudential Policy Strategy Framework reflects the thinking of financial authorities, the institutional arrangements, as well as the tools that will be used to sustain and enhance the health of the financial system. It also highlights the collaborative nature inherent to the FSCC.

Systemic Risk Crisis Management Framework
The Financial Stability Coordination Council released the Systemic Risk Crisis Management Framework (SRCM) on 6 June 2022. The SRCM Framework identifies key actions required to assess, categorize, manage, and communicate systemic risks. This is an important pre-emptive initiative to ensure crisis preparedness at the system level and reflects the Council’s commitment to managing systemic risks.

Systemic Risks and the New Financial Stability Agenda: Defining its Perimeter
Published by the OSRM, this “perimeter paper” sheds light on the understanding of the financial stability agenda, its breadth and depth, as well as its coverage.

Financial Stability Reports (FSR)

The FSR provides a thematic approach and an in-depth analysis of recent developments and potential risks that may have financial stability implications to the Philippine financial system. From an annual release, the FSR shifted to a semestral publication to respond to the need of the times.

Statement on the State of Financial Stability

Speeches

Press and photo releases

2023

The FSCC Takes Actions to Enhance the Resilience of the Financial System
09.05.2023

2022

2019

2018

FAQs

An Easy Guide to the Macroprudential Policy Strategy Framework: The Case of the Philippines

Primers

Understanding Financial Stability ONLINE | PDF

Videos

Other Resources

Financial Stability Modules
- Foundational Course on Financial Stability

Social Media
The FSCC ensures that it stays relevant by engaging stakeholders even in the social media. The FSCC Facebook Page is an immediate source of the Council’s various information-education-communication initiatives. It also opens platform for useful public discussions of various financial stability issues and concerns.