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BSP Concludes ABIF Negotiations with Bank Negara Malaysia

04.06.2017

 

BSP Concludes ABIF Negotiations with Bank Negara Malaysia

Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco, Jr. shakes the hand of Bank Negara Malaysia (BNM) Governor Muhammad bin Ibrahim after signing today in Mactan Island, Cebu the Declaration of Conclusion of Negotiations (DCN) on the entry of Qualified ASEAN Banks (QABs) between the two countries. The DCN is an important step towards achieving the goal of the ASEAN Banking Integration Framework (ABIF), which provides the general principles for the entry of QABs from one ASEAN member-state to another.

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