THE Bangko Sentral ng Pilipinas (BSP) said it continues to be making progress in the area of sustainable finance by releasing the third phase of regulations aimed at promoting the broader adoption of sustainability principles in the domestic financial system.
The central bank said in a statement on Tuesday that with the recent publication of draft guidelines on the integration of sustainability principles in banks' investment activities, it has entered its third phase of sustainability-related regulations. This policy proposal's completion is scheduled for August 2022.
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