MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is proposing regulatory changes to ensure clear and consistent rules for banks on handling personal property taken from delinquent borrowers when enforcing loan collateral.
The central bank is seeking comments on a draft circular that aims to further align booking rules with the existing regulations.
https://business.inquirer.net/548959/bsp-seeks-clearer-rules-on-seized-loan-collateral