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                    [ArticleID] => 101052
                    [Title] => RP banks remain weak - ADB study
                    [Summary] => 

The country's banking system remains weak despite various reforms implemented
previously by monetary authorities, according to an Asian Development Bank
(ADB) report.

"Despite earlier reform efforts, weaknesses remain in the Philippine banking
system," the ADB's Asia Recovery Report (ARR) said.

At the same time, the ADB is pushing for the repeal of the Bank Secrecy Law.
"The reluctance to repeal the Banking Secrecy Law remains a serious impediment
to strengthening bank supervision," it said.

The report also pointed out that the prudential regulations and supervision are

                    [DatePublished] => 2000-03-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

BANKING SECRECY LAW

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    [results] => Array
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            [0] => Array
                (
                    [ArticleID] => 101052
                    [Title] => RP banks remain weak - ADB study
                    [Summary] => 

The country's banking system remains weak despite various reforms implemented
previously by monetary authorities, according to an Asian Development Bank
(ADB) report.

"Despite earlier reform efforts, weaknesses remain in the Philippine banking
system," the ADB's Asia Recovery Report (ARR) said.

At the same time, the ADB is pushing for the repeal of the Bank Secrecy Law.
"The reluctance to repeal the Banking Secrecy Law remains a serious impediment
to strengthening bank supervision," it said.

The report also pointed out that the prudential regulations and supervision are

                    [DatePublished] => 2000-03-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

RP banks remain weak - ADB study

By Donnabelle L. Gatdula | March 13, 2000 - 12:00am

The country's banking system remains weak despite various reforms implemented previously by monetary authorities, according to an Asian Development Bank (ADB) report. "Despite earlier reform efforts, weaknesses...

Business