Archives for 2017

BSP Circular 952: Disclosure of Domestic Remittance Charges by All-BSP Supervised Entities with Domestic Remittance Transactions

BSP extends deadline for the exchange/replacement of old note series (NDS) at par with the new note series (NGC) until 30 June 2017

The Monetary Board approved the extension of the deadline for the exchange or replacement of New Design Series (NDS) banknotes with the Bangko Sentral ng Pilipinas (BSP) or its authorized agent banks at par with New Generation Currency (NGC) banknotes and without charge to 30 June 2017.

This recent decision of the Monetary Board, which was made in response to public clamor for a longer period of exchange of NDS banknotes, amends BSP Circular No. 935 dated 28 December 2016. It may be recalled that this earlier BSP Circular stipulates that after 31 March 2017, the NDS banknotes which have not been exchanged shall cease to be liability of the BSP and shall be demonetized.

demonetization 2

demonetization june 30, 2017demonetization 2

Source: http://www.bsp.gov.ph/publications/media.asp?id=4322

Operational Risk Management Training – April 28-29

OPERATIONAL RISK MANAGEMENT TRAINING

SCHEDULE

Date: Apr.28-29, 2017 (Fri-Sat)
Venue: Gov. Licaros Hall, RBAP, Intramuros,
Time: 8:30am to 5:00pm

RESOURCE PERSON
Mr. Don V. Sumadchat, MBA
Bank Executive Officer, Trainer on Strategic Formulation & Execution,
Trust Asset Management & Risk Management.

SEMINAR FEE
1. For Member – P3,800

2. Non-Member/Delinquent – P4,200

MODE OF PAYMENT
Check payable to:

Rural Bankers Research & Development Foundation Inc.

To reserve slot, a Non-Refundable commitment fee of P2,000.00 /pax is
required, but its deducted from the total registration fee.

Bank: LBP – Intramuros, Branch
Account Name: RBRDFI
SA No. 0012-1046-26.
Telefax (02) 527-2969 /527-2980

DEADLINE TO SUBMIT REGISTRATION: Apr. 21, 2017.

Course Objectives
a) Define operational risk and its management
b) Determine the duties and responsibilities of Board of Directors,
management and Business
c) Line Manager in managing operational risk. Formulate risk appetite
statement, risk tolerances and limits
d) Apply Operational Risk Management tools cognizant to Risk Management
Process: identify, assess, measure, control and monitor
operational risk

Expected Participants
President, Risk Management Committee –Director, President, Branch
Managers, Risk Management Officer, Chief Compliance Officer, Head- I.T.
Department and Head – Human Resource Management

Course Outline

A. BSP Circular 900 Policy Statement
B. Scope and extent of Operational Risk and its management
C. Duties and Responsibilities
1. Board of Directors
2. Management
3. Business Line Managers
4. Operational Risk Management Function
5. Internal Audit
6. Compliance Function
7. Risk Management Unit
D. Operational Risk Management Framework
1. Risk Identification and Assessment
1.a. Building Loss Event Categories and loss database
*Internal fraud /External fraud
*Clients, products and business practices
*Employment practices and
workplace safety,
*Business disruption and system
failures
1.b. Introduction to ORM Tools
• Results of internal/external audit and supervisory issues raised in the
BSP Report of Examination (ROE)
• Internal Loss Data Collection and Analysis
• Risk Self Assessments (RSA)
• Risk Control Self Assessments (RCSA)
• Business Process Mappings
• Risk and Performance Indicators
• Scenario Analysis
• Model Measurement Comparative Analysis
2. Risk Control and Mitigation
3. Risk Monitoring and Reporting
E. Workshop on RCS
F. Synthesis

CS-OpRisk-Apr17 Download file click here

CIR OpRisk-Apr17 Download file click here

Credit & Collection Management – April 27 2017

CREDIT & COLLECTION SEMINAR

Date: Apr. 27, 2017 (Thursday)
Venue: Gov. Licaros Hall, RBAP, Intramuros,
Time: 8:30am to 5:00pm

RESOURCE PERSON
GARY JOSEPH C. SANTOS, LLB
Trainer in Credit & Collection and Small Claims Cases/Court, Consultant
for Various Lending, Distribution, Real Estate and Transportation Firms

SEMINAR FEE
1. For Member only- P2,600

2. Non-Member/Delinquent – P2,900

MODE OF PAYMENT
Check payable to:

Rural Bankers Research & Development Foundation Inc.

Non-Refundable commitment fee of P1,400.00 per participant.

Bank: LBP – Intramuros, Branch
Account Name: RBRDFI
SA No. 0012-1046-26.
Telefax (02) 527-2969 /527-2980

EXPECTED PARTICIPANTS
Head of Credit Department, Loan Officer, Microfinance Officer, Credit,
Billing and Collection Supervisors and Managers, Finance Officers and CIs

DEADLINE TO SUBMIT REGISTRATION: April 24, 2017.

Overview

An efficient Credit & Collection Team improves asset quality and realizes
profit, not to mention its vital role in minimizing risk of monetary
losses brought by costly collection and litigation expense. The seminar
hopes to realize the participants that there is more in Collection than
just collecting money.

Objectives
At the end of the Seminar, participants are expected to:
• Draft or improve existing Credit and Collection Policies, Procedure and
Guidelines
• Strengthen Credit Evaluation and Risk Management Practices (BSP Cir. 855)
• Be able to minimize risk in granting credit
• What to look at in evaluating credit application
• Know the Key Result Areas of Credit and Collection
• Avoid loop holes in implementing Legal Remedies
• Know the appropriate Legal Remedy for a particular portfolio
• Know the Best Practices in Credit and Collection

Course Outline
1) Credit Management
a) Nature of Credit
b) Importance of Credit and Collection
c) Six Cs of Credit/ Basis of Granting Credit
d) Establishing an Appropriate Credit Risk
e) Sound Credit Granting Process
f) Maintaining an Appropriate Credit Admin, Measurement and Monitoring
Process
g) Maintaining an Appropriate Credit Control Process

2) Collection Management
a) Concept of Collection Management
b) Basis of Collection
c) Bucketing your receivables
d) Pre Delinquency Activities
e) Collection Activities
f) Tele Collection Techniques
g) Demand Letters –Essential contents
h) Legal Remedies

CS-CredCollect-Apr17 Downloads file click here
CIR CredCollect-Apr17 Downloads file click here

Operational Risk Management Training – April 21-22 in Butuan City

CARBAF-ADVISORY:

Please be informed that the OPERATIONAL RISK MANAGEMENT training has
been moved to APRIL 20-21, 2017 from APRIL 6-7, 2017 due to changes
in the schedule of the resource person, Mr. Don Sumadchat.

Expected participants are Presidents, Directors, Compliance Officers,
Internal Auditors, Managers, Risk Management Officers, IT officers and
Human REsource Managers.

Registration fee is @ 6,500.00 per participant to cover meals,
handouts and other miscellaneous expenses. This is a live out
seminar. You may ask the assistance of CARBAF Secretariat at
butuancityrb@yahoo.com or cell#09173104659, landline (085)341-5019,
fax# (085)815-5055 ask for Ivan or Bella.

The venue remains the same.

Nomination Form-ORMS – carbaf Download file click here
TM OpRiskMgmnt-BXU Download file click here

BSP Circular 951: Guidelines on Business Continuity Management

BSP Circular 950: Amendments to Part 8 or the Anti-Money Laundering Regulations of the Manual of Regulations for Banks

BSP Circular 949: Guidelines on Social Media Risk Management

BSP Circular 948: Amendments to the Regulations for Banks as of 30 September 2016

BSP Circular 945: Amendments to the Manual of Regulations for Banks as of 30 June 2016

BSP Circular 947: Supervisory Process on Granting of a License/Authority

BSP Circular 944: Guidelines for Virtual Currency (VC) Exchanges

FILING OF CERTIFICATES OF CANDIDACY FOR THE 2017 RBAP ELECTIONS

64th ANNUAL RBAP NATIONAL CONVENTION, MAY 29-30 IN BAGUIO CITY

The Rural Bankers Association of the Philippines will hold its 64th Annual National Convention and General Membership Meeting on May 29-30, 2016 (Monday & Tuesday) at the Cordillera Convention Hall of Baguio Country Club, Country Club Road, Camp John Hay, Baguio City.

The theme for the Convention is, “RURAL BANKS: LEADING THE WAY FOR COUNTRYSIDE DEVELOPMENT AND INCLUSIVE GROWTH”. It focuses on rural banks as prime movers of rural economic development — driving growth and progress in the local communities by making quality and reliable financial products and services accessible for the underserved Filipinos. Rural banks continue to lead the path in advancing inclusive growth with their knowledge of the rural market and their unparallel passion to serve the needs of their clients. With the aforementioned, combined with good governance and institutionalization of sound management practices, the industry aims to deepen and widen its role in boosting local economies.

For this national gathering, we are inviting speakers and experts from various institutions to provide insights about the industry, discuss new business opportunities and facilitate a fruitful exchange of information among the participants.

In the interest of an orderly Convention, please accomplish the following forms and submit to RBAP Secretariat via email rbapevents@gmail.com or fax (02) 527-2980 on or before the indicated deadline.

1. Registration Form (Annex A) DEADLINE: April 19, 2017 (Wednesday)
EARLY BIRD RATE: Php 5,000.00/delegate
SPECIAL EARLY BIRD GROUP RATE (10 delegates, 1 free): Php 50,000

2. Advertising Contract & Layout (Annex B) DEADLINE: April 28, 2017 (Friday)
3. List of Recommended Hotels (Annex D)
4. Golf Tournament – Hosted by: Federations of Baguio Benguet Rural Bankers and La Union Chamber of Rural Banks

Click here to download the circular and the above-mentioned forms.

Delegates coming from Visayas and Mindanao, click here to download the bus schedule and contact details of van rental service so you can directly arrange for your transportation from Manila to Baguio and vice-versa.

Corporate Governance Seminar – April 19-20

CORPORATE GOVERNANCE FOR BANK DIRECTORS

Date: April 19-20, 2017 (Wed-Thu)
Venue: Gov. Licaros Hall, RBAP, Intramuros,
Time: 8:30am to 5:00pm

RESOURCE PERSONS
Ms. Ma. Corazon Guerrero
Former Asst. Gov. – BSP
Mr. Fernando A. Caballa
Former Dir. Of ISD-I, BSP

SEMINAR FEE
1. For Member only -P4,900

2. Non-Member/Delinquent – P5,400

MODE OF PAYMENT
Check payable to:

Rural Bankers Research & Development Foundation Inc.

Non-Refundable commitment fee of P2,800.00 per participant.

Bank: LBP – Intramuros, Branch
Account Name: RBRDFI
SA No. 0012-1046-26.
Telefax (02) 527-2969 /527-2980

EXPECTED PARTICIPANTS
Chairman, Presidents & CEOs, Directors, General Managers, Stockholders &
Compliance Officers

DEADLINE TO SUBMIT REGISTRATION: April 12, 2017.

Course Objectives

1 Pursuant to the following BSP Circulars
a) Cir. No. 296 prescribing the minimum qualifications of a bank director,
a director
b) Circulars No. 749 and 757 sets new guidelines in strengthening the
Corporate Governance in Financial Institutions”.
• To provide a structured framework for the Board of Directors:
a. To appreciate the principles of Good
Governance;
b. To recognize the value of their roles in
promoting it in their respective financial institutions; and
c. To understand its significance in maintaining the stability of
the financial system
Course Outline

Day 1 –Concepts & Theory
I. Overview of Good Corporate Governance
A. Definition
B. Importance of Good Corporate
Governance in the Financial System
C. Role of Stakeholders

II. Board Qualifications and Practices
A. Qualifications of the BO
B. Responsibilities of the BOD
1. Individually
2. Collectively
C. Structure of the Board and Practices
1. Board Committees
2. Roles of the Chairperson of the BOD 3. Evaluation of the Performance
of the
BOD
III. Checks and Balances Systems
Roles & Scope of the ff Functions:
A. Risk Management
B. Internal Audit
C. Compliance
D. External Audit
IV. Compensation System
A. Principles in Establishing Compensation System
B. Review of the Compensation System

V. Complex or Opaque Structures
A. Issues/concerns in Group Structures
B. Role of the BOD of the Parent Company
C. Responsibilities in Group Structure

VI. Disclosure and Transparency
A. Objectives of Disclosure and
Transparency
B. Regulatory Requirements

Day 2- Summary & Application
VII. Governance Challenges for
Family-owned Banks

VIII. Summary & Exercises
Setting and Implementation of
Governance Policies
A. Corporate Governance Models
B. Self-Assessment: Corporate
Governance Scorecard
C. Group Case Studies & Discussions

CIR CorpGov-Apr17 Download file click here

CS-CorpGov-Apr17 Download file click here