Operational issues in the implementation of risk-based supervision framework

Ma. Corazon J. Guerrero
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Ma. Corazon J. Guerrero: Bangko Sentral ng Pilipinas

Philippine Review of Economics, 2005, vol. 42, issue 1, 81-87

Abstract: With the objective of the Bangko Sentral ng Pilipinas (BSP) to achieve and maintain a safe and sound banking system, the focus of regulators shifted from traditional supervision to risk-based supervision. This approach calls for changes in the supervisory environment such as enhanced supervisory tools, refocused on-site inspection process, reoriented human resource, and risk-focused prudential regulations. The BSP adopts risk-based supervision to compel banking institutions to be more risk-oriented through the evaluation of management practices, policies, and procedures in the context of managing potential risks. As a result, banking institutions can provide the best banking services and products with the highest return of investment at a minimal risk.

Keywords: risk-based supervision; risk-focused supervision; risk-focused examination; risk-based examination (search for similar items in EconPapers)
JEL-codes: G28 (search for similar items in EconPapers)
Date: 2005
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