MB okays banking sector outlook survey

 

By Rose de la Cruz

 

The Monetary Board—policy-making arm of the Bangko Sentral ng Pilipinas—has approved the conduct of the Banking Sector Outlook Survey (BSOS) to be used in gathering the sentiments of presidents and chief executive officers of the country’s banking sector on their growth outlook, risk assessments, business performance strategies and insights on regulation and supervision.

 

The survey is part of the surveillance toolkit of the BSP to promote the sustained resilience of the banking system.

 

The BSOS will capture forward-looking information consistent with BSP’s proactive approach to banking supervision.

 

The survey will also inform additional perspectives on the evolution of banks’ business models that can help enhance prudential regulations. The initial run of the BSOS will cover all universal/commercial, including foreign banks, and thrift banks and the Top 20 rural banks in terms of total loan portfolio.

 

The initial rollout of the survey will start in June 2018.

 

The BSP intends to expand the coverage of the survey to include all banks and to conduct the same on a semi-annual basis in the succeeding years. The aggregated results of the survey will be published by the BSP.

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