BusinessWorld E-paper
March 17, 2023
THE ASIA-PACIFIC banking sector, including in the Philippines, has reasonable buffers to cope with possible contagion effects from the failure of Silicon Valley Bank (SVB), S&P Global
Ratings said.
“Asia-Pacific banks are well placed to absorb potential contagion effects emanating from the SVB collapse. Direct exposures are negligible, and secondary impacts are manageable,” S&P
said in a note released on Thursday.
