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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 249613 [Title] => SEC, BSP agree on joint audit of non-bank financial institutions [Summary] => The Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas(BSP) have agreed to conduct joint examination of entities they both regulate to ensure an effective and efficient supervision of the financial sector.
[DatePublished] => 2004-05-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 83306 [Title] => New capital adequacy rules effective in July [Summary] => The Bangko Sentral ng Pilipinas (BSP) clarified anew its recently announced policy on risk weighting of assets under the new risk-based capital adequacy guidelines for banks based on the Basle Committee recommen-dation.
The guidelines, which will take effect on July 1, 2001, require banks to maintain a minimum capital-to-risk assets ratio of 10 percent, the same as the current requirement, computed both on solo and consolidated basis.
[DatePublished] => 2001-04-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) ) )
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By Zinnia B. Dela Peña | May 11, 2004 - 12:00am
April 24, 2001 - 12:00am
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