Financial stability confab

Federal Reserve Bank of Cleveland president and chief executive Loretta Mester (left) and Bangko Sentral ng Pilipinas senior assistant governor Johnny Noe Ravalo exchange ideas on global systemic risk issues and the future agenda for financial stability during the 10th Financial Stability Conference held in Cleveland, Ohio. This was co-hosted by the FRBC and the US Treasury’s Office of Financial Research. Ravalo and bank officer Theresa Gapaz, representing the BSP, also had a meeting with senior FRBC and OFR officials after the conference where they discussed the experience of the US in instilling a new systemic risk mindset after the global financial crisis.