BSP teams up with Czech central bank
They are out to share tips to one another.
The Bangko Sentral ng Pilipinas found a new ally in the Czech National Bank as they signed a Memorandum of Understanding on Cooperation.
The two central banks agreed to have closer coordination and share notes on best practices for regulating the banking system.
To be shared are information and experience on regulatory systems, supervisory procedures, including licensing, as well as capacity building programs as they carry out their duties in managing the financial system.