QABSabsorption efficiency
QABSIndiana Quality Assurance Builder Standards
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Primary agenda of the meeting included 'standardized suitable fee for the assessors, issuance of certificates under the National Qualification Frame work (NVQF), improvement in monitoring system, escalation of assessment standards of NVQF, increase in the technical efficiency and capacity of QABs, maintain data on NVQF Registry, making the NVQF National Support Unit active and accreditation of institutes in all provinces'.
Tetangco previously said that the LOI 'formalizes our intention to eventually craft the specific provisions that will govern the entry of QABs between our two countries.'
QABs are 'strong and well-managed banks, headquartered in Asean and majority owned by Asean nationals.'
Sources said the BSP's Financial Supervision Sector (FSS), formerly the Supervision and Examination Sector, is currently finalizing negotiations with both Indonesia and Malaysia to set down the parameters of establishing QABs which is a crucial part of regional banking integration under the ASEAN Economic Community agreements launched three years ago.
Hadad signed the letter of intent (LOI) in Jakarta, which the BSP chief said 'signifies our intention to further explore areas of cooperation between our banking systems, especially on the entry of QABs.'
Manila: The Bangko Sentral ng Pilipinas (BSP) and Bank Negara Malaysia (BNM) have agreed on the guidelines regarding the entry of Qualified ASEAN Banks (QABs) between the two countries.
The agreement has agreed to the guidelines for the entry of Qualified ASEAN Banks (QABs) in the two countries.
Tetangco and BoT Governor Veerathai Santiprabhob also signed a Letter of Intent, formalizing the intention of both parties to craft specific provisions that will govern the entry of QABs between the two countries.
Qualified ASEAN Banks (QABs) will lead the initiative.
The Bangko Sentral ng Pilipinas, meanwhile, will sign additional agreements for the establishment of so-called qualified Asean banks (QABs).