PH NOW A BIS-REPORTING COUNTRY – BANGKO SENTRAL

THE Philippines is now one of fewer than 50 jurisdictions worldwide that report cross-border banking statistics to the Bank for International Settlements (BIS), the Bangko Sentral ng Pilipinas (BSP) said.

“After months of testing and - ing data maintained by the BSP - - tral bank said in a statement.

“The BIS will formally add the Philippines as a report Philippine data in the global aggregates” starting January, - ernor Nestor Espenilla Jr.

- Philippine banking system.

group provides us with more in formulating well- informed may be needed. The value to today’s market,” Espenilla said.

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- added.

Highlighting the Bangko Sen BSP has been working diligently - - dates our efforts in meeting the international standards.”