BSP tightens rules on banks’ personnel

The Bangko  Sentral ng Pilipinas (BSP) is amending the guidelines for banks’ operational risk management particularly on “people risk” and is proposing to adopt more rigid rules on human resource-related risk.

The BSP wants stricter recruitment and selection of banks’ personnel as well as to ensure that directors, managers and employees will be subjected to tighter evaluation process when undergoing performance management review.