In a draft circular, BSP Governor Benjamin Diokno said the BSP is seeking to amend the guidelines on reporting of conglomerate structures and material related party transactions under the Manual of Regulations for Banks.
Boy Santos/File
BSP wants detailed reports for conglomerate-run banks
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is set to require a more detailed report from universal and commercial banks controlled by the country’s largest family-owned conglomerates.
In a draft circular, BSP Governor Benjamin Diokno said the BSP is seeking to amend the guidelines on reporting of conglomerate structures and material related party transactions under the Manual of Regulations for Banks (MORB).
