Philippines C bank move to raise bank transparency

PHILIPPINES - The Philippine central bank will soon issue additional disclosure requirements to make banks more transparent, while encouraging more foreign participation in the local banking sector, said central bank deputy governor Alberto Reyes.

Reyes said the additional disclosure requirements is for clarity and policy issue purposes. He said the central bank may require banks to disclose past due loans; directors, officers, shareholders, and related interests, or DOSRI; percentage of

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