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                    [Title] => BSP issues guidelines on bank intervention
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) has issued new guidelines allowing it to intervene in problem banks as soon as they start showing early signs of failure.


The Monetary Board approved the guidelines that will enable the BSP to take prompt corrective action on banks and other supervised financial institutions. The enforcement of prompt corrective action (PCA), according to the BSP, would attempt to restore a bank found in its early stages of non-compliance with standard conditions/ratings, to return to normal operations within a reasonable period of time.


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                    [Title] => Banking on mergers to survive
                    [Summary] => Some six years ago, after assuming the post of central bank governor, Rafael Buenaventura spoke of a vision of having only five large local banks aggressively competing against their foreign counterparts. As things stand today, this dream will not happen during his term with barely a few months left before he steps down from office.


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BASEL CAPITAL ACCORD

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                    [Title] => BSP issues guidelines on bank intervention
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) has issued new guidelines allowing it to intervene in problem banks as soon as they start showing early signs of failure.


The Monetary Board approved the guidelines that will enable the BSP to take prompt corrective action on banks and other supervised financial institutions. The enforcement of prompt corrective action (PCA), according to the BSP, would attempt to restore a bank found in its early stages of non-compliance with standard conditions/ratings, to return to normal operations within a reasonable period of time.


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                    [Title] => Banking on mergers to survive
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abtest

Myanmar pro-democracy activists rally in Yangon

May 27, 2007 - 6:31pm

Business

BSP issues guidelines on bank intervention

By Des Ferriols | March 31, 2006 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) has issued new guidelines allowing it to intervene in problem banks as soon as they start showing early signs of failure. The Monetary Board approved the guidelines that will...

Business

Banking on mergers to survive

By Rey Gamboa | April 18, 2005 - 12:00am

Some six years ago, after assuming the post of central bank governor, Rafael Buenaventura spoke of a vision of having only five large local banks aggressively competing against their foreign counterparts. As things...

Business