In support of major policy objectives of enhancing credit access and expediting the clean-up of bad assets from the system, the BSP likewise advanced lower credit risk weightings for high grade corporate debt exposures and micro and SME exposures, but also increased the risk weighting on non-performing loans. This year, the BSP has issued the much-awaited Basel II implementing guidelines for the Philippines.
The BSP’s Task Force on the Implementation of Basel II has just concluded their series of briefings both within and outside of the BSP in preparation for the parallel run that will be conducted starting end this year until mid next year.