{"id":258682,"date":"2020-06-19T22:50:22","date_gmt":"2020-06-20T02:50:22","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=258682"},"modified":"2020-06-19T22:50:22","modified_gmt":"2020-06-20T02:50:22","slug":"ph-banking-system-still-strong-amid-challenges-diokno","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/06\/19\/ph-banking-system-still-strong-amid-challenges-diokno\/","title":{"rendered":"PH banking system still strong amid challenges: Diokno"},"content":{"rendered":"<figure id=\"attachment_205243\" aria-describedby=\"caption-attachment-205243\" style=\"width: 960px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/03\/51558860_2229411833979740_862986232597053440_n.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-205243 size-full\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/03\/51558860_2229411833979740_862986232597053440_n.jpg\" alt=\"\" width=\"960\" height=\"557\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/03\/51558860_2229411833979740_862986232597053440_n.jpg 960w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/03\/51558860_2229411833979740_862986232597053440_n-300x174.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/03\/51558860_2229411833979740_862986232597053440_n-768x446.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/a><figcaption id=\"caption-attachment-205243\" class=\"wp-caption-text\">In a Viber message, Diokno reiterated that monetary officials are now \u201clooking at the alleged non-reporting of a universal bank of DOSRI (directors, officers, stockholders, and their related interest) loans\u201d. (File <a href=\"https:\/\/www.facebook.com\/DBMgovph\/photos\/a.1762449947342600\/2229411830646407\/?type=3&amp;amp;theater\">Photo<\/a>: <a href=\"https:\/\/www.facebook.com\/DBMgovph\/\">Department of Budget and Management\/Facebook<\/a>)<\/figcaption><\/figure>\n<p><strong>MANILA<\/strong>\u00a0\u2013 The country&#8217;s banking sector remains robust despite the challenges posed by recent news about the alleged anomalies in a loan extended by a major bank, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said Friday.<\/p>\n<p>In a Viber message, Diokno reiterated that monetary officials are now \u201clooking at the alleged non-reporting of a universal bank of DOSRI (directors, officers, stockholders, and their related interest) loans\u201d.<\/p>\n<p>\u201cConsistent with investigation procedures, the BSP is investigating the complaint against the bank. The BSP\u2019s ongoing investigation is expected to be concluded soon,\u201d he said.<\/p>\n<p>He earlier said the BSP received a complaint against officers of an unnamed bank last June 3 regarding their alleged involvement in an \u201cillegal and unreported\u201d loan amounting to PHP4 billion extended through the DOSRI mode.<\/p>\n<p>DOSRI loans should be approved by a bank\u2019s board of directors to ensure that rules are implemented in accordance with BSP regulations.<\/p>\n<p>\u201cThe BSP has fortified its rules on DOSRI to deter any opportunistic acts of directors, officers, stockholders and related interests (DOSRI) of banks,\u201d Diokno said.<\/p>\n<p>\u201cDOSRI rules are strictly enforced and violations of such rules are serious in nature and are not treated lightly by the BSP,\u201d he added.<\/p>\n<p>He said the country\u2019s banking system \u201cremains fundamentally sound despite the challenges over the years.\u201d<\/p>\n<p>\u201c2020 proves to be no exception despite the (coronavirus disease 2019) pandemic. The banking system is sound and resilient due to strict implementation of banking regulations,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0\u2013 The country&#8217;s banking sector remains robust despite the challenges posed by recent news about the alleged anomalies in a &hellip;<\/p>\n","protected":false},"author":44,"featured_media":205243,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-258682","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/258682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=258682"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/258682\/revisions"}],"predecessor-version":[{"id":258683,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/258682\/revisions\/258683"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/205243"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=258682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=258682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=258682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}