BSP tightens rules on bank regulatory, prudential reporting

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