Philippines Overview of financial sector reforms in the Philippines, from the Institute for International Economics. The banking system remains generally sound and well-capitalized despite the higher level of bad debts triggered by the Asian financial crisis. Phased increases in minimum capitalization requirements and regulatory incentives for mergers have already prompted several banks to seek partners.
Banks also continue to add to loan loss reserves.
Other important provisions of the new law are geared towards strengthening transparency, bank supervision, and bank management. Enter a company name or a portion of the name. Use quotes to group words together. Search Tips can be found here. All Rights Reserved.