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'RING' set for healthy, safe financial system

BANGKO Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said the central bank is fostering a healthy, safe and resilient financial system by using the 'RING' strategy.

In a statement released over the weekend, he explained that 'R' stands for risk management guidelines that are constantly updated to keep up with changing conditions, while 'I' stands for integrity in the financial system and investor confidence.

Bangko Sentral ng Pilipinas Governor Benjamin Diokno. TMT FILE PHOTO