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Guidelines in Strengthening Corporate Governance in BSP Supervised Financial Institutions

Guidelines in Strengthening Corporate Governance in BSP Supervised Financial Institutions

The Monetary Board in its Resolution Nos. 111 and 277 dated 20 January 2012 and 16 February 2012, respectively, approved the following guidelines in strengthening corporate governance in BSP supervised financial institutions.
Policy Statement. It is the thrust of the Bangko Sentral ng Pilipinas to continuously strengthen corporate governance in its supervised financial institutions cognizant that this is central in sustaining the resiliency and stability of the financial system. In this light, the BSP is aligning its existing regulations with international best practices that promote good corporate governance such as the "Principles for Enhancing Corporate Governance" issued by the Basel Committee on Banking Supervision.

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"Guidelines in Strengthening Corporate Governance in BSP Supervised Financial Institutions" was written by Mary under the Banking category. It has been read 1704 times and generated 0 comments. The article was created on and updated on 01 March 2012.
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