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Approaching and taking stock of systemic risk issues from a regional perspective

· Felipe M Medalla, Governor of the Bangko Sentral ng Pilipinas (Philippines)

Summary written by Dark Majestic in its own words · topics: inflation and price stability, financial stability

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· Felipe M Medalla Wiki · Bangko Sentral ng Pilipinas WikiApproaching and taking stock of systemic risk issues from a regional perspective

ContextSpeech at a regional conference on systemic risk issues; Bangko Sentral ng Pilipinas keeps the financial system sound.

Why it mattersMedalla calls for regional monitoring of systemic risks in a volatile world.

Problems raised
  1. Headline and core inflation are high.
  2. The world is volatile and complex.
  3. Interconnectedness spreads shocks.
Solutions proposed
  1. Monitor systemic risks regionally.
  2. Strengthen cooperation within the FSB.
  3. Prepare for spillovers.
Read full speech on bis.org ↗

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