BIS offers to manage Philippines reserves- reports

The Philippines central bank is studying a BIS proposal to manage the country's gross international reserves. A source at the BSP said the BIS expressed interest in acting as its "external fund manager".

Press reports claimed a Bangko Sentral source said that the Bank for International Settlements - known as the central bank for central banks - has shown interest in acting as the Philippines central bank "external fund manager." The bank wants to manage a multicurrency portfolio for Bangko Sen

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