BSP issues rules on managing risks

Jul 27, 2019 12:23 am

BANKS and quasi-banks (QBs) must conduct appropriate due diligence before making an investment and on an ongoing basis, according to monetary authorities’ newly approved risk-management guidelines.

In a statement on Friday, the Bangko Sentral ng Pilipinas (BSP) said its policymaking Monetary Board approved these guidelines on July 11.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.