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.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details