But the Basle capital rules typically reduce capital requirements against the retained bank exposure by more than banks lower the risk associated with the underlying loan pool.
In line with this, the BSP is closely working with the National Government to implement a biometric-based foundational ID system to broaden the reach, quality, and integrity of financial services. We are also working with the industry so that more Filipinos can send and receive payments via any electronic device under the National Retail Payment System (NRPS).