MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has tightened the rules governing how banks submit prudential and regulatory reports.  Lenders are now required to adopt a governance framework that ensures the integrity, accuracy and timeliness of these filings. Circular No. 1231, dated March 3, amends existing banking regulations to clarify the central bank’s expectations for reports it receives from lenders, including disclosures related to bank management, strategy, risk management and decision-making.  Examples include reports on banks’ capitalization, liquidity, stress testing and exposure to key sectors such as real estate and project finance. READ: BSP to require banks to […]... Keep on reading: BSP tightens rules on bank regulatory, prudential reporting