Amendment to Unsafe Banking Practices Guidelines

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BSP CIRCULAR NO. 640, S. OF 2009: Amendment to Unsafe Banking Practices Guidelines

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Title Supreme Court: Amendment to Unsafe Banking Practices Guidelines

Law: Bsp Circular No. 640, S. Of 2009

Decision Date: Jan 16, 2009

BSP Circular No. 640 amends guidelines on unsafe and unsound banking practices, emphasizing the need for banks to avoid excessive reliance on high-cost deposits, hazardous lending, and inadequate risk management to ensure financial stability and protect depositors.

administrative law

banking practices

monetary board

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