 The reports point out that overcrowded banking sector in the Philippines is expected to feel the most pressure as the integration welcomes tighter competition with bigger and more established foreign banks.As a result, there needs to be a regional expansion by countries with a small banking sector to lessen the impact of the post-integration environment.In a follow-up report, S&P recently cited the Philippines for "shoring up its network bases and building up capital ahead of the banking integration – playing defence and strengthening their domestic networks".