THE Bangko Sentral ng Pilipinas (BSP) monetary board has approved the rollout of a semi-annual survey of the country’s top banking executives to gauge their sentiments in the industry in terms of important banking metrics.
The Banking Sector Outlook Survey (BSOS) is aimed to gather the sentiments of the Presidents/Chief Executive Officers of banks in the country related to their growth outlook and risk assessments, business performance strategies, and insights on regulation and supervision.
According to the BSP, the initial run of the BSOS will cover all universal/commercial, including foreign banks, and thrift banks as well as Top 20 rural banks in terms of total loan portfolio.
The initial rollout of the survey will start in June 2018.
The BSP also said it intends to expand the coverage of the survey to include all banks and to conduct the same on a semi-annual basis in the succeeding years.
The BSP said the new BSOS is part of their surveillance toolkit to promote the sustained resilience of the banking system.
“The BSOS will capture forward-looking information consistent with BSP’s proactive approach to banking supervision,” the BSP said in a statement.
“The survey will also inform additional perspectives on the evolution of banks’ business models that can help enhance prudential regulations,” it added.