The country’s ‘too big to fail’ banks continue to be strong and well-capitalized as well as liquid with stable funding to support operations in the second year of the COVID-19 pandemic, assured Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. Diokno only reiterated what he said...
Financial conglomerates and domestic systemically important banks (D-SIBs) are more vulnerable to reputational risks such as negative publicity, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. Diokno said D-SIBs, particularly within "mixed interest" conglomerates, are...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said there is no need to alter or revise the Currency Risk Protection Program (CRPP) which allow banks to hedge their eligible foreign currency obligations. “We have not seen the need to further update or expand the hedging facility...
The Bangko Sentral ng Pilipinas (BSP) is exploring options on what to do with its six-hectare Security Plant Complex (SPC), currently valued at P8 billion, in Quezon City once it has relocated its printing facility in New Clark City in Capas, Tarlac. “We’re keeping our options open,” said BSP...
Bangko Sentral ng Pilipinas (BSP)-led Financial Stability Coordination Council (FSCC), which has just identified the country’s servicing of debts and credit-related risks as red flags to potential systemic issues, is strongly pursuing the signing of a proposed executive order (EO) to empower the...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Friday that risks to the inflation outlook remains “broadly balanced” but also crucial for inflation control that there is enough meat in the coming months. “(The) projected decline of inflation depends crucially on the timely...
The central bank’s Commercial Property Price Index (CPPI) is expected to be launched within the year and it will allow regulators to better monitor banks’ financial and real estate exposures, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. The Monetary Board, chaired...
The Bangko Sentral ng Pilipinas (BSP) has a new limit to banks’ net open foreign exchange (FX) positions to increase FX liquidity, curtail speculative activity and to make sure that transactions are legitimate and has the appropriate risk governance. BSP Governor Benjamin E. Diokno said...
COVID-related hits on local banks’ asset quality will critically affect their stand-alone credit profiles and viability ratings (VR), said Fitch Ratings. The credit watcher echoed what it said last March that big banks are vulnerable to VR downgrades as the economy remains weak resulting to banks...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Monday (May 31) that they see a lower inflation for May of 4.4 percent based on BSP’s point inflation projection for the month. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno (MB file) While still above the...
The Bangko Sentral ng Pilipinas (BSP) said it has started its close monitoring of banks’ sustainable finance transitioning until 2023 when the new guidelines on sustainable banking are fully implemented. BSP Governor Benjamin E. Diokno (Credit: BSP photo) BSP Governor Benjamin E. Diokno in a...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the recently approved rules for banks’ reputational risk management will ensure stronger financial growth and stability. Diokno said the guidelines for managing reputational risk “emphasize the importance of having a clear...
