The Bangko Sentral ng Pilipinas (BSP) is looking to forge bilateral agreements with two more central banks in the Association of Southeast Asian Nations (Asean) that will allow qualified commercial banks to operate subsidiaries in each other’s markets.
The BSP had signed such a high-level agreement with Bank Negara Malaysia governing qualified Asean banks (QAB) in accordance with the Asean Banking Integration Framework (ABIF).
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