BSP extends relief to lenders affected by Iran conflict
Central bank allows Filipino lenders to exclude losses on peso bonds caused by market volatility
The Central Bank of the Philippines (BSP) has granted temporary emergency support to certain lenders to ease market volatility stemming from the Middle East conflict.
The BSP said today (June 23) that lenders could exclude certain unrealised losses on peso-denominated government securities that had arisen due to market volatility when calculating their regulatory capital. “The time-bound relief is aimed at preventing transitory market movements from unduly affecting the reported capital strength
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