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What is Enhancing Banking Supervision in the Philippines about?

The document discusses banking supervision efforts in the Philippines undertaken by the Bangko Sentral ng Pilipinas (BSP) in response to weaknesses revealed by the 1997 Asian financial crisis. It describes how the BSP strengthened its legal and supervisory framework by adopting consolidated supervision and risk-based approaches. It overhauled data collection and storage systems, examination processes, and skill requirements for supervisors. Training programs helped supervisors develop new skills like critic

Author

Alexa Barde

Language

EN