Philippines central bank raises minimum capital requirements
Commercial banks have to raise their capital by up to six times
The Central Bank of the Philippines is ordering banks to increase capital levels and has tightened its rules on accepting real estate loans as collateral, in a set of measures "to further strengthen the banking system".
According to a statement released today, banks' minimum capital requirements will increase by as much as six times their existing level over the next five years.
Separately, the central bank announced new credit risk management rules, giving "cashflow analysis" a greater role in
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