Resources for Basel II Capital Accord (Basel II)

Banking on Solidity

businessmirror.com

The Philippines boasts one of the few banking sectors around the world to have evaded many of the consequences of the US-led financial turmoil. Certainly much is owed to lessons learned in the form of strong monetary and fiscal policy reforms after the Asian financial crisis in 1997 to 1998. Relatively conservative banking practices also played a significant role in sheltering the country’s finances during what has proven to be one of the most significant economic downturns in recent history.

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