(L-R) Bangko Sentral ng Pilipinas (BSP) Senior Assistant Governor Johnny Noe Ravalo, Deputy Governor of the Reserve Bank of India Rajeshwar Rao, BSP Governor Dr. Felipe Medalla, and Financial Stability Board Chairman Dr. Klaas Knot during the Regional Regional Consultative Group for Asia Meeting and Workshop Press Conference on May 17 at Shangrila Mactan, Cebu. (PIA7) CEBU CITY, Cebu, May 17 (PIA) -- In light of the current global challenges, particularly to financial stability, the Bangko Sentral ng Pilipinas (BSP), the International Monetary Fund (IMF), and other Asian central banks are working to improve regional systemic risk management. Systemic risks are disruptions to any part of the financial systems that specifically have the ability to adversely affect the rest of the economy. Small financial market disruption that can amplify to affect the greater economy can become systemic. BSP Governor Felipe Medalla, during his keynote address on the 2023 International Conference o...