Regulators to order banks to publicly reveal more

PHILIPPINES - The Bangko Sentral ng Pilipinas (BSP) will soon implement stricter disclosure requirements for banks as part of its thrust to promote greater transparency in the industry.

BSP deputy governor Alberto V. Reyes told reporters on 24 August that regulators will soon order banks to make more financial information available to the public.

"This is so that the public will be more aware of financial condition of a bank," he said.

Among the information the central bank will require banks to

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