BSP to update resolution framework in 2025

PTVPhilippines

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00:00The Banko Sentral ng Pilipinas plans to update its resolution framework for troubled banks in 2025

00:07and implement a Countercyclical Capital Buffer, or CCYB,

00:12to ensure that banks have adequate capital whenever financial stress occurs.

00:17These plans were shared by BSP with the International Monetary Fund, or IMF, during their article for consultation.

00:25IMF recognized the progress made on the neutral CCYB,

00:29which the central bank adopted in 2018 but has not yet been activated.

00:35BSP intends to create a decision framework first,

00:38confident that the banking system can continue to hold sufficient capital buffers.

00:43CCYB ensures banks have enough capital to times of financial stress,

00:48initially set at 0%, but is adjustable up to 2.5%.

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