Bank Non-Performing Loans (NPLs) Management and Resolution: The Case of the Philippines Read more about Bank Non-Performing Loans (NPLs) Management and Resolution: The Case of the Philippines The presentation highlights the approach taken by the Bangko Sentral ng Pilipinas (BSP) to respond to NPLs in the Philippines. The bank NPL management and resolution since the Asian financial crisis has been a combination of legislative measures, policies, and reforms. The legal and regulatory frameworks as well as trends and development of the NPL situation were tackled.
Chuchi Fonacier Keywords nonperforming loans credit risk legal and regulatory framework Read more about Chuchi Fonacier Chuchi G. Fonacier is the Deputy Governor of the Financial Supervision Sector (FSS), which is mainly responsible for the regulation of banks and other BSP-Supervised Financial Institutions (BSFIs). Under her direct supervision are five subsectors which handle onsite examination and offsite surveillance (or integrated supervision) of BSFIs including specialized supervision of specific areas (i.e., anti-money laundering, trust, financial market operations and information technology), oversight of payment systems, policy studies/research, and supervisory data management.
Aging and Longevity: Implications for Life Insurers Read more about Aging and Longevity: Implications for Life Insurers Demographic transitions change people's insurance needs. In Japan, fertility rates have dropped while people live longer. Baby boomers are now over 50 years old and their children have become independent. These shifts have influenced life insurance needs from death protection to medical and post-retirement coverage. Public-private collaborations, through platforms such as the Asia Pacific Financial Forum, can help develop financial systems that can enable insurers and pension funds to effectively provide long-term funding and serve the needs of an aging society.