BSP: Proposed FIST law to buttress PH banks even if bad loans double

BSP: Proposed FIST law to buttress PH banks even if bad loans double

The central bank will provide the local banking system with the support it needs to insulate itself from a buildup of bad loans that may result from the ongoing coronavirus pandemic. This will be done through the Financial Institutions Strategic Transfer (FIST) Act now being proposed to Congress. At the same time, however, Bangko Sentral […]