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BSP wants too-big-to-fail banks to submit separate recovery plan April 21, 2021 | 12:31 am Reporter THE Bangko Sentral ng Pilipinas (BSP) is requiring too-big-too-fail banks to submit a separate recovery plan annually starting 2022, a move seen giving the regulator a more focused assessment of a lender’s plans to bounce back from a crisis. “The Bangko Sentral shall review the recovery plan as part of the overall supervisory process for domestic systemically important banks (D-SIBs), focusing on assessing the recovery plan’s robustness, credibility, and ability to be effectively implemented,” BSP Governor Benjamin E. Diokno said in Circular No. 1113. Previously, central bank regulations only required D-SIBs to submit an Internal Capital Adequacy Assessment Process (ICAAP) document, which includes the recovery plan, annually every March 31.

The philippinesBangko sentralBenjamine dioknoLyni javierChuchig fonacierLuz wendyBankers association of the philippinesInternal capital adequacy assessment processGovernor chuchiSpecialized supervision lynPhilippines president jose arnulfoதி பிலிப்பைன்ஸ்லய்னீ ஜேவியர்லஸ் வெண்டிவங்கியாளர்கள் சங்கம் ஆஃப் தி பிலிப்பைன்ஸ்சிறப்பு மேற்பார்வை லின்