BSP to finally enforce tighter capital buffer rules on banks

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) will now require banks to build extra capital even during periods of normal credit expansion, a move aimed at strengthening lenders’ buffers and ensuring continued lending during economic downturns. Under Circular No. 1235 dated May 20, the central bank established the framework for implementing the Countercyclical