By Madelaine B. Miraflor
The Bangko Sentral ng Pilipinas (BSP) will seek the sentiments of banks and financial institutions on how they see the regulatory environment in the banking sector as well as their growth outlook through a conduct of a survey.
It was announced on Wednesday that Monetary Board (MB) has approved the conduct of the Banking Sector Outlook Survey (BSOS) starting in June.
This will be used to gather the sentiments of the Presidents/Chief Executive Officers of banks in the country related to their growth outlook and 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 as well as Top 20 rural banks in terms of total loan portfolio.
Eventually, 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.