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Message during the release of the 2023 Financial Stability Report

· Eli M Remolona, Governor of the Bangko Sentral ng Pilipinas (Philippines)

Summary written by Dark Majestic in its own words · topics: financial stability

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· Eli M Remolona Wiki · Bangko Sentral ng Pilipinas WikiMessage during the release of the 2023 Financial Stability Report

ContextMessage by Eli M Remolona, Jr, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), at the release of the 2023 Financial Stability Report, Manila, 13 February 2024.

Why it mattersRemolona warns about hidden vulnerabilities that could spread contagion.

Problems raised
  1. Hidden vulnerabilities can spread.
  2. Contagion can dislocate markets.
  3. Risks brew out of sight.
Solutions proposed
  1. Publish the Financial Stability Report.
  2. Look for hidden vulnerabilities.
  3. Prevent contagion.
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