BSP to tighten insider lending rules BIS standard

The Bangko Sentral ng Pilipinas (BSP) will tighten its rules on loans to banks' directors, officers, shareholders, or related interests (DOSRI) to further strengthen the banking system and meet international standards. "We intend to redefine existing DOSRI provisions as part of our banking reform (measures)," Bangko Sentral Gov. Rafael B. Buenaventura said in the press briefing on Feb 23.

The rules are part of the central bank's efforts to bring the local banking system in line with internatio