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May 25 2021 
BSP issues rules to boost Islamic banking
THE Bangko Sentral ng Pilipinas (BSP) announced that it has approved a liquidity risk management framework for Islamic Banks (IBs) and Islamic Banking Units (IBUs).
The BSP said the issuance is in line with its “thrust to provide a comprehensive set of regulations that will encourage investor and consumer participation on Islamic banking and finance.”
“The aim…
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May 25 2021 
BSP set to release second phase of sustainable finance regulation
THE central bank will unveil the second-phase regulation for sustainable financing, which will take into account climate change risk in the assessment of credit and operational risk management of the banking industry.
“This issuance will provide granular expectations on the integration of climate change and other environmental and social risks in banks’ credit and operational risk…
