The Monetary Board, the policy-making body of Bangko Sentral ng Pilipinas, approved the adoption of the report on intraday liquidity.
“The monitoring of intraday liquidity position provides a tool to gauge the ability of covered banks and quasi banks to meet their intraday obligations on a timely basis, ultimately contributing to the smooth and efficient functioning of the payment and settlement systems,” the board said in a statement.
The report on intraday liquidity will be applied to universal and commercial banks and their subsidiary thrift banks/quasi banks.
“The report requires the presentation of intraday liquidity metrics consistent with those proposed under international standards such as daily maximum intraday liquidity usage, intraday throughput, gross payments sent and received and available intraday liquidity position, among other metrics,” the board said.