The upcoming economic integration of the Association of Southeast Asian Nations (Asean) in 2015 promises growth opportunities for banks, but closer links may also pose risks related to crossborder transactions and capital flows, and could hasten any contagion, the Bangko Sentral ng Pilipinas (BSP) warned local banks.
BSP Deputy Governor Diwa Guinigundo said on Wednesday integration can provide banks the opportunity to capture larger markets, lower banking costs, increase efficiency and mobility of services.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.