Banks in M&As to get regulatory relief

The central bank on Thursday said banks and other financial institutions that are in the process of mergers and acquisitions (M&As) may get regulatory relief, such as a temporary suspension of compliance with the capital adequacy ratio requirement.

This forms part of the regulatory incentives that banks may obtain from the Bangko Sentral ng Pilipinas (BSP) if they opt to merge and consolidate with each other for a stronger financial condition and competitive edge.