The Philippines Insurance Commission published an update on the Financial Stability Coordination Council’s quarterly meeting, at which the council affirmed that strong capital and liquidity continue to support banking system resilience. It nevertheless highlighted potential systemic risks from concentrated corporate exposures, particularly as links between large conglomerates and economic sectors increase. The council is also monitoring rising corporate leverage, consumer credit and housing loans. To address risks associated with new business models among non-bank financial institutions, it is expanding its surveillance network, improving data quality and strengthening oversight. The council also recognized the Philippine Deposit Insurance Corporation’s work to refine early intervention frameworks for bank distress.
2026-03-19Philippines Insurance Commission
Philippines Insurance Commission reports financial system resilience as FSCC strengthens concentration risk monitoring
The Financial Stability Coordination Council affirmed the Philippine financial system’s resilience but warned that concentrated corporate exposures could amplify shocks. It is strengthening surveillance, data quality and oversight while monitoring corporate leverage, consumer credit and housing loans.