BSP Approves Standards for Bank Risk Management
Byline: FIL C. SIONIL
The Monetary Board, the policy making body of the Bangko Sentral ng Pilipinas (BSP), has approved a set of qualitative and quantitative standards designed to improve the market risk management of banks.
Also approved was the amended guidelines on the computation on the lowering of the capital adequacy requirements under the risk-based framework recommended by the Basel Committee.
According to BSP Governor Rafael Carlos B. Buenaventura, the issuance of the market risk management standards and the capital adequacy are part of the series of prudent measures the monetary authorities want to institute to protect the banks' balance sheet …
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Publication information: Article title: BSP Approves Standards for Bank Risk Management. Contributors: Not available. Newspaper title: Manila Bulletin. Publication date: January 8, 2004. Page number: Not available. © 2009 Manila Bulletin Publishing Corp. COPYRIGHT 2004 Gale Group.
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