The regulatory relief measures include, among others, the extension of the effectivity of the 30 percent single borrower’s limit (SBL), non-imposition of sanctions for SBL breach by foreign bank branches subject to a ceiling, reduction of credit risk weight for performing loans to micro, small and medium enterprises, and reduction of the MLR of stand-alone thrift, rural and cooperative banks, until end-December 2022.
We also agree on the need for credit rating agencies to develop standards or guidelines on integrating environmental, social and governance (ESG) information into their ratings or other scores. This would enable financial and non-financial firms’ exposures to climate-related risks to be better priced and monitored.