In a draft circular posted on the central bank website, the BSP said the proposed changes would amend relevant sections of the Manual of Regulations for Banks and of the Manual of Regulations for NonBank Financial Institutions.
"This aims to reinforce measures, including filing of legal cases, to deter misconduct and promote discipline in BSP-supervised financial institutions (BSFIs) for the protection of the depositors and other financial consumers," the central bank said.
According to the BSP, the board should set up a tailored policy consisting of the process, procedures, guidelines and criteria on filing of legal cases against erring and dismissed personnel.
هذه القصة مأخوذة من طبعة May 20, 2024 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة May 20, 2024 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Prime Infra open to pursuing floating solar power projects
Razon-owned Prime Infrastructure Capital Inc. is open to adding floating solar projects in its portfolio to help meet energy needs.
Another idle PNR line eyed for HERT conversion
The Department of Science and Technology (DOST) plans to transform the unused or decommissioned \"at-grade\" alignment of the Philippine National Railways (PNR) into a mass transit line and logistics hub on the 85-kilometer stretch of the rail line from Tutuban, Manila to San Pablo City in Laguna.
First Gen keen on more LNG terminals
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SM expanding hotel portfolio to support growth in tourism
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Inflation pickup seen for 4th straight month
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TWO MORE PUGS BOOK PARIS SPOTS
BACYADAN, PAALAM MAKE IT FIVE-STRONG CAST FOR BOXING
Touring pros face Lakewood's unfamiliar terrains
The untested layout notwithstanding, the men of the Philippine Golf Tour brace for a spirited duel of ball control, precision and accuracy when the ICTSI Lakewood Championship kicks off tomorrow in Nueva Ecija.
Panama evacuates island amid rising sea levels
On a tiny island off Panama’s Caribbean coast, about 300 families are packing their belongings in preparation for a dramatic change.
'No permanent ceasefire until Hamas destroyed'
Israeli Prime Minister Benjamin Netanyahu said on Saturday there could be no permanent ceasefire in Gaza until Hamas is destroyed, casting doubt on a key part of a truce proposal that US President Joe Biden said Israel itself had made.
P10.2-M smuggled cigarettes seized in Sulu
Smuggled cigarettes with an estimated value of P10.2 million were seized by naval security personnel in the waters off Sulu on Friday night.
