01897cas a2200313 a 4500 AALejournalIMF003427 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451831337 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Philippines : Report on Observance of Standards and Codes-Payment Systems. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (9 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Report evaluates the Observance of Standards and Codes on the Payment Systems for the Philippines. The assessment confirms that the infrastructure for effective supervision has improved considerably in recent years. Although important gaps exist, compliance is overall quite high. The weaknesses that exist are, however, critical and derive in part from a supervisory structure and its enforcement capacities being out of line with key challenges. Among these are the needs to reorient the framework away from forbearance and liquidity support to one that is based on early problem identification, prompt corrective action, and resolution. Mode of access: Internet Cheque Clearing Transaction imf Clearing imf CR imf ISCR imf Payment imf Philippines imf IMF Staff Country Reports; Country Report ; No. 2005/022 Full text available on IMF http://elibrary.imf.org/view/journals/002/2005/022/002.2005.issue-022-en.xml IMF e-Library