FSCC flags concentration risks in financial system
The Financial Stability Coordination Council, which serves as the Philippines’ primary interagency body for monitoring and mitigating systemic financial risks, said corporate balance sheets remain broadly sound but noted that concentrated corporate exposures could amplify shocks, particularly as linkages between large conglomerates and key sectors continue to deepen.
FINANCIAL Stability Coordination Council chairman and Bangko Sentral ng Pilipinas Governor Eli M. Remolona, Jr. (lower photo, third from left) leads the FSCC quarterly meeting on 13 March 2026. With him are (lower photos, from left) Securities and Exchange Commission commissioner McJill Bryant T. Fernandez, Insurance commissioner Reynaldo A. Regalado, Department of Finance Secretary Frederick D. Go, Philippine Deposit Insurance Corporation president Roberto B. Tan, and BSP assistant governor Veronica B. Bayangos.
PHOTOGRAPH courtesy of BSP