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Dear Fellow Rural Bankers: Greetings! The Bangko Sentral ng Pilipinas requests the assistance of your RBAP in disseminating to the member banks the Client Satisfaction Survey for Licensing Quality Management System of the Supervision and Examination Sector (SES Licensing QMS). Surveys are attached, available for download, and response can be emailed directly to the BSP.

1. Memorandum No. 2008-011 2. Memorandum No. 2008-012 3. Memorandum No. 2008-016 4. Annex A of Memorandum No. 2008-016 – File Structure 5. Annex B of Memorandum No. 2008-016 – FRP Control Prooflist The above enumerated files can also be accessed from the BSP website. Likewise, banks shall be provided a CD of all the above …

Financial Reporting Package 2008 Read More »

The Philippine STAR 09/19/2006 The Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) has approved two new circulars on how financial institutions (FIs) should manage market and liquidity risks, including interest rate risk. The guidelines are formulated to ensure that FIs have sufficient knowledge and skills to understand and effectively manage market and …

BSP releases regulations on liquidity, market risk weighting Read More »

The Philippine STAR 09/19/2006 The World Bank (WB) has expressed grave concern on the repeal of Executive Order (EO) 138 which was replaced by EO 558. EO 558, signed by President Arroyo last month, allows all government agencies to lend money regardless of its mandated functions. The repealed EO 138, signed by former President Estrada, …

WB favors EO 138 Read More »

By Des Ferriols The Philippine Star 09/05/2006 The Bangko Sentral ng Pilipinas (BSP) has issued two major guidelines giving banks full control and accountability of their market and liquidity risks as the industry gears up for full compliance with the Basel II Convention. Under the new guidelines, the BSP said it is not particularly concerned …

BSP gives banks more leeway in financial market activities Read More »

The Philippine STAR 08/22/2006 The Philippine Deposit Insurance Corp. (PDIC) published a regulatory issuance and operations manual recently prescribing standards of record keeping of bank deposits for all member banks.

The Philippine STAR 08/08/2006 One Network Bank (ONB) has teamed up with the Development Bank of the Philippines (DBP) recently to expand the overseas remittance payout services available in its 63 branches through DBP’s Electronic Cash Remittance (EC REMIT) Program. ONB is the first rural bank to tie-up with DBP’s foreign remittance arm.