The Monetary Board, the policy-making body of the BSP, said Tuesday it allowed trust entities to invest UITFs, with minimal non-resident funds, in the BSP securities. READ:
The Monetary Board, the policy-making body of the BSP, said Tuesday it allowed trust entities to invest UITFs, with minimal non-resident funds, in the BSP securities.
The measure is also aimed at ensuring the tradability and viability of BSP securities as a highly liquid instrument, allowing for better price discovery and monetary policy transmission. “In this regard, the BSP shall also be closely monitoring the sources of funds placed by trust entities in the BSP’s facilities through periodic supervisory reporting requirements,” the board said.
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