Philippine FSCC Monitors Financial Risks Amid Global Volatility

The Philippines’ Financial Stability Coordination Council (FSCC) is closely monitoring evolving risks to the financial system amid ongoing global uncertainty. During its quarterly meeting, the interagency body reviewed vulnerabilities related to geopolitical tensions, shifting global financial conditions, and domestic liquidity changes.

While Philippine banks remain well-capitalised and liquid, the FSCC stressed the need for adaptive policy frameworks and forward-looking surveillance. Discussions also covered deposit insurance reforms and a new risk sentiment survey. The council reiterated concerns highlighted in the 2024 Financial Stability Report, including market volatility, tech disruptions, and policy unpredictability.