Financial stability risks have risen amid a global monetary tightening environment, particularly because of the failure of Silicon Valley Bank in the US, thus markets are in for further volatility, according to the Amro. | RonWDomingoINQ /PDI
The think tank also noted that—following the implementation of stricter global banking regulatory standards since the Global Financial Crisis of 2008—banks in the region and elsewhere have built up significant buffers including robust liquidity, capital and funding standards.
In the Philippines, authorities especially the Bangko Sentral ng Pilipinas as well as industry players were quick to assuage the public’s fears, saying that Philippine banks have no material exposure to SVB and another bank that failed—Signature Bank.
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