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                    [ArticleID] => 395197
                    [Title] => Proposal to transform BSP into a superbody nixed
                    [Summary] => 





The Bangko Sentral ng Pilipinas (BSP) nixed the idea of being transformed into a superbody that would regulate all financial institutions, saying that Congress could instead formalize the Financial Sector Forum (FSF) into an overseer.


The initial consensus emerged following a series of discussions between the BSP, the Insurance Commission, the Securities and Exchange Commission, the Philippine Deposit Insurance Commission, the Capital Market Development Council and other regulatory agencies supervising various financial institutions.


                    [DatePublished] => 2007-04-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
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                    [ArticleID] => 379060
                    [Title] => Lower remittance costs seen with RBs integration
                    [Summary] => 



A study on the country’s rural banking system in relation to the profitable remittance market has recommended its immediate inclusion in the foreign currency business, but with the necessary improvements. 


This can be achieved through an alliance between rural banks, which have stronger presence in third to sixth class municipalities where most of the beneficiaries of overseas Filipino workers (OFWs) are located, and commercial banks with extensive remittance businesses, domestically and internationally.


                    [DatePublished] => 2007-01-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

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)

ECONOMIC POLICY REFORM AND ADVOCACY

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    [results] => Array
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                    [ArticleID] => 395197
                    [Title] => Proposal to transform BSP into a superbody nixed
                    [Summary] => 





The Bangko Sentral ng Pilipinas (BSP) nixed the idea of being transformed into a superbody that would regulate all financial institutions, saying that Congress could instead formalize the Financial Sector Forum (FSF) into an overseer.


The initial consensus emerged following a series of discussions between the BSP, the Insurance Commission, the Securities and Exchange Commission, the Philippine Deposit Insurance Commission, the Capital Market Development Council and other regulatory agencies supervising various financial institutions.


                    [DatePublished] => 2007-04-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 379060
                    [Title] => Lower remittance costs seen with RBs integration
                    [Summary] => 



A study on the country’s rural banking system in relation to the profitable remittance market has recommended its immediate inclusion in the foreign currency business, but with the necessary improvements. 


This can be achieved through an alliance between rural banks, which have stronger presence in third to sixth class municipalities where most of the beneficiaries of overseas Filipino workers (OFWs) are located, and commercial banks with extensive remittance businesses, domestically and internationally.


                    [DatePublished] => 2007-01-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

        )

)

abtest

Proposal to transform BSP into a superbody nixed

By Des Ferriols | April 19, 2007 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) nixed the idea of being transformed into a superbody that would regulate all financial institutions, saying that Congress could instead formalize the Financial Sector...

Business

Lower remittance costs seen with RBs integration

By Ted P. Torres | January 9, 2007 - 12:00am

A study on the country’s rural banking system in relation to the profitable remittance market has recommended its immediate inclusion in the foreign currency business, but with the necessary improvements....

Banking