Philippines assesses policies to improve bank risk management

The Bangko Sentral ng Pilipinas (Central Bank of the Philippines) has been investing heavily to enhance its supervisory capacity and keep up with the task of implementing Basel II. In July, the bank begins the process of aligning its existing supervisory framework with the standardised approach of Basel II, according to Amando Tetangco Jr, Governor of the Central Bank, who was speaking in Manila at the eighth Environmental Scanning Exercise: Basel II and Risk Management.

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