Regulators tighten oversight on financial conglomerates

Financial regulators approved a “harmonized” supervisory plan that aims to help financial conglomerates avoid risks that may cause damage to the country’s financial system. In a statement on Thursday, the interagency Financial Sector Forum (FSF)—chaired by the Bangko Sentral ng Pilipinas (BSP)—said the plan would focus on entities “with greater impact and those that pose
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