The central bank will adopt the Liquidity Coverage Ratio (LCR) framework under the Basel III regime, which promotes discipline in mitigating liquidity risks among big banks.

In a statement on Tuesday, the Bangko Sentral ng Pilipinas (BSP) said its policy-making body Monetary Board has approved the LCR framework “aimed at strengthening the liquidity position of universal and commercial banks (U/KBs).”

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