The Philippine Securities and Exchange Commission published an update on Financial Stability Coordination Council (FSCC) initiatives to strengthen systemic-risk surveillance of non-bank financial institutions (NBFIs), including work on an enhanced monitoring framework and the launch of a shared curated database for member-regulators. The monitoring framework is intended to promote a more coordinated regulatory approach in response to NBFIs’ increasing interconnectedness with the financial system, complementing Bangko Sentral ng Pilipinas (BSP) oversight of banks and strengthening safeguards against systemic risks. The FSCC agreed the work during its 42nd meeting on 20 August 2025 at the BSP head office; the council comprises the BSP, Department of Finance, Insurance Commission, Philippine Deposit Insurance Corporation, and the SEC. The curated database is an online platform enabling members to share systemic-risk information, data, and metrics across NBFIs such as investment houses, financing companies, money service businesses, pawnshops, insurance companies, and pre-need companies.
Philippine Securities and Exchange Commission 2025-09-11
Philippine Securities and Exchange Commission reports Financial Stability Coordination Council developing enhanced monitoring framework for non-bank financial institutions and launching curated systemic-risk database
The Philippine Securities and Exchange Commission announced initiatives by the Financial Stability Coordination Council to enhance systemic-risk surveillance of non-bank financial institutions (NBFIs). These include developing a monitoring framework and launching a shared database for member-regulators to share systemic-risk data. The initiatives aim to improve regulatory coordination and complement Bangko Sentral ng Pilipinas oversight of banks.