Philippines central bank backs 'vital’ reforms

philippines-cb

The Central Bank of the Philippines (BSP) believes government proposals to quadruple its capital and expand its mandate will help "forge a stronger BSP".

A total of 11 bills were submitted to the Congress of the Philippines in October to update the Bangko Sentral ng Pilipinas (BSP) Charter that was enacted in – and remains unchanged since – 1993.

One of the headline reforms would, if passed, force the government to quadruple the central bank's capital from 50 billion pesos ($1.1 billion) to 200

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: