Universal and commercial banks in the country remain capable to absorb risks, with their capitalization in the first quarter staying well above the regulatory requirement.
The Bangko Sentral ng Pilipinas will pursue P30 billion in additional capitalization that Malacañang has yet to provide, in an effort to prepare the regulator for an anticipated investment-grade credit rating scenario.
NON-LIFE insurance firms have voiced objection to “arbitrary” and “one-size-fits-all” capitalization requirements slapped on them.
The Insurance Commission is reviving previous proposals to increase the capitalization requirements on the country’s insurers to levels at par with the rest in the Asia-Pacific region. Commissioner Emmanuel Dooc, appointed in December last year, said raising the capitalization requirement would encourage the merger of small industry players. He said it was high time the [...]
