Day: November 12, 2015

Corporate Governance for Bank Directors Seminar -Dec 14-15, 2015

FOR : ALL PARTICIPATING RURAL BANKS SUBJECT : CIRCULAR LETTER : BASIC COURSE ON CORPORATE GOVERNANCE FOR BANK DIRECTORS The Rural Bankers Association of the Philippines (RBAP), through the Rural Bankers’ Research and Development Foundation, Inc. (RBRDFI) is pleased to announce that it will conduct the seminar-workshop described below as part of its continuing strategy …

Corporate Governance for Bank Directors Seminar -Dec 14-15, 2015 Read More »

BSP Circular No. 891: Sales and Marketing Guidelines for Financial Products

TO: ALL RURAL BANKS RE: SALES AND MARKETING GUIDELINES FOR FINANCIAL PRODUCTS Dear Rural Bankers, The Bangko Sentral ng Pilipinas through its Monetary Board Resolution No. 1811, dated 29 October 2015, approved the following guidelines governing the sales and marketing of financial products, which replaces the sales and marketing guidelines for derivatives under Appendix 26 …

BSP Circular No. 891: Sales and Marketing Guidelines for Financial Products Read More »

BSP Memorandum No. M-2015-040: Prohibition Against Disclosure of the Report of Examination (ROE) and the Contents Thereof

TO: ALL RURAL BANKS RE: PROHIBITION AGAINST DISCLOSURE OF THE REPORT OF EXAMINATION (ROE) AND THE CONTENTS THEREOF Dear Rural Bankers, The Bangko Sentral ng Pilipinas (BSP) reminds all BSP-Supervised Financial Institutions (BSFIs) that the ROE is the property of the BSP and is furnished to BSFIs for their use only. Accordingly, BSFIs, their directors …

BSP Memorandum No. M-2015-040: Prohibition Against Disclosure of the Report of Examination (ROE) and the Contents Thereof Read More »

BSP Circular Letter No. CL-2015-068: Proposed Templates of Articles of Merger and Articles of Consolidation of Banks

TO: ALL RURAL BANKS RE: PROPOSED TEMPLATES OF ARTICLES OF MERGER AND ARTICLES OF CONSOLIDATION OF BANKS Dear Rural Bankers, The Bangko Sentral ng Pilipinas (BSP) has recently issued Circular Letter No. CL-2015-068 with reference to the subject cited above to guide banks intending to merge or consolidate. The central bank has provided templates of …

BSP Circular Letter No. CL-2015-068: Proposed Templates of Articles of Merger and Articles of Consolidation of Banks Read More »

BSP Memorandum No. M-2015-039: Regulatory Relief for Banks/Non-Bank Financial Institutions with Quasi-Banking Functions (NBQBs) Affected by Typhoon “Lando”

TO: ALL RURAL BANKS RE: REGULATORY RELIEF FOR BANKS/ NON-BANK FINANCIAL INSTITUTIONS WITH QUASI-BANKING FUNCTIONS (NBQBs) AFFECTED BY TYPHOON “LANDO” Dear Rural Bankers, The Bangko Sentral ng Pilipinas (BSP), following the approved resolution of the Monetary Board, have issued a memorandum granting temporary regulatory and rediscounting relief measures to banks/ NBQBs with head offices (HOs) …

BSP Memorandum No. M-2015-039: Regulatory Relief for Banks/Non-Bank Financial Institutions with Quasi-Banking Functions (NBQBs) Affected by Typhoon “Lando” Read More »