These requirements are designed to enhance covered institutions’ resilience to liquidity stress events and is a significant step in aligning our supervisory framework with international standards. It also illustrates the BSP’s commitment to the application of proportionality in our approach to supervision. We also wish to leave no banking institution behind.
Together with the Philippine Deposit Insurance Corporation (PDIC) and the Land Bank of the Philippines (LBP), we have re-launched the Consolidation Program for Rural Banks. This will further strengthen the industry through 2/4  BIS central bankers' speeches  stronger financial condition, enhanced management and governance, more synergies and economies of scale, and wider market reach.