Changes to central bank law mooted in the Philippines
Proposed changes include oversight of more financial institutions
Proposals have been submitted to the Philippines' Senate Committee on Banks, Financial Institutions and Currencies, suggesting changes may soon be made to the country's 20-year-old central bank law.
Since June, three bills have been put forward to senator Francis Escudero, chairman of the committee – the latest of which was authored by him.
Senate Bill number 1027 aims to "strengthen the tools" wielded by the Central Bank of the Philippines (BSP) when performing its mandate, thereby protecting
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