Higher equity ratio set for systemically important banks

Banks considered systemically important to the economy will be required to increase their minimum Common Equity Tier 1 (CET1) ratio under the new guidelines issued by the Monetary Board of the central bank.

“The new regulation is a major initiative which is designed to ensure that our banking industry further builds upon the strength that it has already achieved,” Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. said in a