THE BANGKO SENTRAL ng Pilipinas (BSP) is looking to set prudential requirements for “digital-centric” banks as it wants to level the playing field and ensure financial stability. In a draft circular posted on its website, the central bank is looking to adopt progressive prudential requirements for digital-centric thrift, rural and cooperative banks to “ensure that […]
THE BANGKO SENTRAL ng Pilipinas (BSP) is looking to set prudential requirements for “digital-centric” banks as it wants to level the playing field and ensure financial stability. In a draft circular posted on its website, the central bank is looking to adopt progressive prudential requirements for digital-centric thrift, rural and cooperative banks to “ensure that […]
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