The Central Bank of the Philippines reported that the Financial Stability Coordination Council (FSCC) has set the comprehensive mapping of corporate linkages in the Philippines as a priority initiative for 2026 and is developing an interagency coordinated response protocol to address potential systemic disruptions. The FSCC framed the work as aimed at improving the identification of contagion pathways and stress points in the financial ecosystem. In its latest assessment discussed at the FSCC’s 43rd Executive Committee Meeting at the Bangko Sentral ng Pilipinas head office in Manila, the council highlighted banking sector resilience supported by robust capital, healthy liquidity, and ample loan loss provisioning, with stress tests indicating post-shock capital adequacy ratios remaining above regulatory thresholds. The FSCC also noted deepening links between non-financial corporations and the financial system, with related risks shaped largely by housing market trends and leverage in the corporate and household sectors; separate capital market development work includes establishing a standardized bond pricing convention and refining open market operations for greater efficiency.

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