The Financial Stability Coordination Council, in its quarterly meeting, recognizes the fluidity of market conditions and assures the public that it is taking steps to sustain the recovery of the Philippine economy. The council also called on the collective effort of stakeholders as the financial system prepares for global developments which may have systemic risk implications. Leading the council meeting is FSCC executive committee chairman and Bangko Sentral ng Pilipinas Governor Benjamin Diokno (second from left), with Insurance Commissioner Dennis Funa and Securities and Exchange Commission chairperson Emilio Aquino. Also in the meeting are BSP Deputy Governor Chuchi G. Fonacier and FSCC technical secretariat head Johnny Noe Ravalo.
