INQUIRER.net: Hike in BSP capital to P200B pushed

INQUIRER.net Philippine News for Filipinos

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Hike in BSP capital to P200B pushed Oct 18th 2013, 23:20 MANILA, Philippines—The country's central bank should be enjoying a capital four times bigger than the current P50 billion so it can respond better to global challenges, said Senate President Franklin Drilon.   Drilon has filed Senate Bill No. 1865 seeking to increase the capitalization of the Bangko Sentral ng Pilipinas (BSP) to P200 billion, among other amendments to its charter.   The additional capitalization and other amendments will boost the BSP's capability to protect depositors' savings, ensuring smooth transactions in the financial market and increasing its own corporate viability, he said.   Drilon said the BSP charter needs to be amend... Keep on reading: Hike in BSP capital to P200B pushed Media files: bsp.jpg (image/jpeg)

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