The Bangko Sentral ng Pilipinas (the Philippine Central Bank, or BSP) recently amended the existing regulations on the single borrower's limit (SBL) imposed on banks and financial institutions. The SBL is intended to prevent an overconcentration of credit risk, and imposes a ceiling on the amount of loans, credit accommodations and guarantees which a bank or financial institution can extend to a single borrower or its related entities.
March 31 2011