The Senate Economic Planning Office of the Philippines' policy brief "Strengthening Banking Regulation: Amending the BSP Charter" evaluates the proposed amendments to the Republic Act No. 7563 (New Central Bank Act of 1993). The document is divided into four parts. The first part presents the mandate of the Central Bank of the Philippines. The second part describes the financial sector’s challenges that necessitate the amendment of RA 7563. The salient features of the proposed amendments in the bills currently pending in the 15th Congress are discussed in the third section, and the last section summarizes and offers some policy recommendations.
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