Beyond the SPRB, however, the BSP shall continue to ensure that a sound regulatory framework is in place that would enable Philippine banks, including RBs, to cope with both domestic and global challenges. The BSP will also continue to pursue reforms to further strengthen the capitalization of banks and improve the supervisory oversight of risk management of banks.
In addition, we will also continue to implement reforms geared towards improving the corporate governance structures of banks, including RBs. Sustaining and ensuring the strength of the rural banking sector is not, however, just the role of the regulators. It is a partnership with the regulated.