Banks with customers hit by ASF, COVID-19 to get BSP regulatory relief
The Bangko Sentral ng Pilipinas (BSP) will provide regulatory relief to banks hit by the 2019 coronavirus disease (COVID-19) and the outbreaks of African swine fever (ASF). The central bank stated in a statement Tuesday that it extended the coverage of Circular 1071, which provides the framework for the granting of regulatory aid to banks and quasi-banks. The circular was …
