The Philippines Insurance Commission published the Financial Stability Coordination Council’s assessment that the Philippine financial system remains resilient despite elevated geopolitical tensions and volatile global markets. Sound capital and liquidity positions, prudent risk management and stable asset quality continue to support lending, while private-sector credit growth reflects household consumption and corporate investment and working-capital needs. Real estate remains banks’ largest loan exposure. The council is enhancing oversight of nonbank financial intermediaries, data collection and information sharing. It is also strengthening assessments of liquidity, leverage, concentration and interconnectedness across banks, nonbanks, companies and financial markets, advancing its 2026 focus on mapping corporate linkages. Respondents to the council’s July risk survey identified geopolitical tensions, cyberattacks and global supply-chain disruptions as key risks over the periods assessed.
2026-09-18Philippines Insurance Commission
Philippines Insurance Commission reports resilient financial system as FSCC deepens nonbank and interconnectedness monitoring
The Philippines Insurance Commission reported the Financial Stability Coordination Council’s assessment that the financial system remains resilient, supported by sound capital, liquidity and stable asset quality. The council is strengthening nonbank monitoring, data sharing and analysis of financial-sector interconnectedness. Geopolitical tensions, cyberattacks and supply-chain disruptions were identified as key risks.