MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is proposing regulatory changes to ensure there are clear and consistent rules for banks on how to handle personal property taken from delinquent borrowers when enforcing loan collateral.

The central bank is seeking comments on a draft circular that would further align booking rules with the latest regulatory standards.

https://business.inquirer.net/548959/bsp-seeks-clearer-rules-on-seized-loan-collateral