The Financial Stability Coordination Council (FSCC) has identified rising household and corporate debt, elevated property prices, and banks' concentrated exposures to large borrowers as the main systemic risks to the Philippine financial system, according to a report by Philstar Biz.
Regulators acknowledged that these vulnerabilities pose systemic threats but emphasized they remain manageable for now. The FSCC continues to monitor debt levels and property market trends to prevent any escalation.
The council's assessment comes amid ongoing economic recovery efforts, with policymakers balancing growth objectives against financial stability. No immediate policy actions have been announced following the latest risk review.