Bangko Sentral ng Pilipinas MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) proposed rules that would establish financial consumer protection as a standalone area of supervision,
Bangko Sentral ng Pilipinas
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) proposed rules that would establish financial consumer protection as a standalone area of supervision, allowing examiners to separately assess how banks and other regulated firms treat customers.
The proposed framework will give the central bank wider enforcement powers.
READ: BSP plans to grade banks on consumer protection
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