[In This Economy] Is the Philippine financial system quakeproof? (opens original article in a new tab)

The Philippine financial system faces risks from growing household and corporate debt, with regulators planning measures to address systemic vulnerabilities.

• The 2025 Financial Stability Report by the BSP highlights risks of rising household and corporate debt in the Philippines.
• The report warns that concentrated corporate lending to major conglomerates could pose systemic financial risks.
• Regulators plan to implement measures like a countercyclical capital buffer and map corporate groups to mitigate risks.