The BSP, in Circular 1203 signed by BSP Deputy Governor Bernadette Romulo-Puyat, said the guidelines on operational resilience aim to foster continuous delivery of financial services, which supports sustainable economic growth.
"The guidelines aim to promote and strengthen the BSP-supervised financial institutions (BSFIs) ability to manage and mitigate the impact of disruptions, particularly on their critical operations," it said.
Based on the circular, BSFIs should prepare their operational resilience framework on a solo and group-wide basis as applicable.
The group-wide framework should include the parent bank and all its material entities such as subsidiaries.
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WHY GONG YOO HAS 'PERFECT CHEMISTRY' WITH SEO HYUN JIN IN 'THE TRUNK'
IN NETFLIX'S NEWEST SOUTH KOREAN DRAMA \"THE TRUNK,\" Gong Yoo and Seo Hyun Jin have shown \"perfect chemistry,\" making them \"lovely to watch\" as two people first brought together by a contract marriage.
Love, timing and the Taxi Cab Theory
If the timing is perfect, should it be the only basis for a person to commit to a relationship? What about love? Maturity? Stability? If you are starting a relationship with someone, both of you must be ready to put in extra effort for it to work and sustain for a long time to the point of marriage.
VIC SOTTO, PIOLO PASCUAL ON WORKING DYNAMICS IN 2024 MMFF ENTRY 'THE KINGDOM'
While filming the 2024 Metro Manila Film Festival (MMFF) entry \"The Kingdom,\" Vic Sotto and Piolo Pascual didn't get to really bond on set so that they would be able to portray their respective characters, Lakan Makisig and Sulo, more believably.
WATSONS X PVL: A WINNING PARTNERSHIP IN HEALTH, WELLNESS AND BEAUTY
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MERCA, 'PAKULO' AND FAN MAGIC
my turn
Decisive move
The Department of Trade and Industry is moving closer to imposing safeguard measures on imported cement which continues to flood the local market to the detriment of the Philippine cement industry.
CHP to remain listed after Dacon tender offer
Cemex Holdings Philippines Inc. (CHP) will remain a listed company following the completion of the tender offer by the Consunji family's Dacon Corp.
Megawide bags SMC contract for Caticlan project
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IQOS Phl charts path toward smoke-free future
IQOS, a heated tobacco product by Philip Morris International (PMI), is working to expand its reach and influence in the Philippines, with ambitions of a future where traditional cigarettes \"will belong to museums.\"
InstaPay, PESONet transactions hit P14 T
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