1 month BSP guidelines on managing interest rate risks issued MB |Biz
By Lee C. Chipongian The Bangko Sentral ng Pilipinas (BSP) has issued the guidelines on how banks should handle interest rate risks and its effect on its books and core business such as lending. MB file photo. The Monetary Board, BSP’s policy-making arm, has approved the guidelines on managing interest rate risk in the banking book (IRRBB) for banks/quasi-banks, which among others, require more detailed disclosures or a more granular data on their exposures. With the new guidelines, the central bank is giving banks/quasi-banks six months from the date of rule effectivity to conduct an analysts of the “gaps” in ... more