Read this in The Manila Times digital edition.
RISK appetites have risen as expected threats failed to materialize last year, the Financial Stability Coordination Council (FSCC) said, opening up opportunities not only for businesses but also regulators to prepare for and prevent future shocks.
"To borrow from investment terminology, we believe that we are squarely in the risk-on part of the financial cycle," Bangko Sentral ng Pilipinas (BSP) Governor and FSCC Chairman Eli Remolona said in a foreword to the 2023 Financial Stability Report released on Tuesday.
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