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This paper reviews the Financial System Stability Assessment Update on the Philippines. The assessment reveals that the banking sector has been strengthened considerably since the Asian crisis of the late 1990s and today appears generally resilient to a broad range of macroeconomic risks. The impact of the ongoing global crisis has been milder than originally feared, and the macroeconomic outlook is improving, although risks remain elevated in the near term. Considerable progress has been made toward implementing the recommendations of the initial Financial Sector Assessment Program, particularly in banking supervision.

Banks and banking -- State supervision -- Philippines. --- Electronic books. -- local. --- Finance -- State supervision -- Philippines. --- International Monetary Fund -- Philippines. --- Philippines -- Economic conditions -- Statistics. --- Philippines -- Economic policy. --- Banks and Banking --- Finance: General --- Industries: Financial Services --- Insurance --- Financial Risk Management --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- General Financial Markets: Government Policy and Regulation --- Financial Institutions and Services: Government Policy and Regulation --- Pension Funds --- Non-bank Financial Institutions --- Financial Instruments --- Institutional Investors --- Insurance Companies --- Actuarial Studies --- Financial Crises --- Banking --- Finance --- Insurance & actuarial studies --- Economic & financial crises & disasters --- Financial Sector Assessment Program --- Stress testing --- Loans --- Mutual funds --- Financial institutions --- Financial sector policy and analysis --- Financial crises --- Banks and banking --- Financial services industry --- Financial risk management --- Philippines --- State supervision --- International Monetary Fund --- Economic conditions --- Economic policy.