BSP adopts risk-sensitive bank capital rules

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is adopting a new capital requirement for banks to ensure they hold enough funds to cover potential operational losses, aligning local prudential standards with international norms. Under Circular No. 1241, dated Oct. 9, the central bank adopted the Basel III New Standardized Approach (NSA), which banks will