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Published 3 years ago

IMF warns banks of systematic impact – The Manila Times

Summary by The Manila Times
Banks in the Philippines could experience a systemic solvency impact if additional downside risks materialize despite their ability to withstand the exceptionally severe shocks, according to the International Monetary Fund (IMF).In a report released over the weekend, the IMF said the key risks to financial stability stem from the coronavirus disease 2019 (Covid-19) pandemic and bank-corporate linkages.

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