BSP gives grace period to rural, co-op banks for credit exposure reporting

THE BANGKO SENTRAL ng Pilipinas (BSP) has given rural and cooperative (co-op) banks in the country an extended window to submit the required enhanced reports on their credit and equity exposures without penalties. In a memorandum signed by BSP Deputy Governor Lyn I. Javier, the BSP said rural and cooperative banks will not be penalized […]