The Bankers Association of the Philippines (BAP) fully supports the Bangko Sentral ng Pilipinas’ (BSP) efforts to establish a dependable yield curve based on actively traded securities.
The BAP cited the need to develop a stronger securities market and the importance of these securities in pricing various bank products.
It has also vowed to ensure compliance with international standards and to collaborate with regulators for smooth implementation.
BAP said the goal is to foster high-volume transactions and enhance market efficiency.
