Guidelines in Strengthening Corporate Governance

To all rural bankers, pleased be informed of the recently issued Circular 749 or the approved Guidelines in Strengthening Corporate Governance in BSP supervised Financial Institutions.  Pursuant to Resolutions 111 and 227 of the Monetary Board, the 29-page circular stipulates the amendments on the Manual of Regulations for Banks under Subsections X141, X142, X174 to x177.

One of the new entries under X174.a is on the appointment of a Chief Risk Officer or any equivalent position who is independent from executive, operation and revenue-generating functions and, business line responsibilities.  While this new provision primarily targets commercial and universal banks, rural, thrift and cooperative banks may appoint a CRO or any equivalent position, but shall be subject to the same requirements applicable to CROS of KBs and UBs.

To secure a copy of CL 749 and annexes, please download from our Slideshare account:

C749
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Strategies and Opportunities for Rural Banks

What are the new strategies and  innovative ways that can be explored by RBs and eventually, adopted by the whole rural banking industry?   These are the diverse  and topical challenges faced by rural banks today as they try to find effective ways to better serve their clients.  Fortunately, experts from banking and finance discussed and presented several methods on how the  industry can resolve these issues during the RBAP Confederation/Federation President’s Meeting last Wednesday, October 25.  To give you a glimpse of what transpired at the SMX Convention Centre, we highly encourage our readers and followers to click the attached PDF and URL links below.

Problem Bank Resolution Strategies

RBAP_SMXpresentation_25Oct2011

http://www.rbap.org/wp-content/uploads/2011/10/RBs-BRIEFING-ON-PHILPASS-REMIT-10.25.114.ppt

http://www.rbap.org/wp-content/uploads/2011/10/Cora-Miller3.ppt

 

 

 

 

[CLOSED] Circular Letter: Seminar-workshop on Corporate Governance & Risk Management – June 17-18, 2010, Crown Regency Hotel-Cebu City

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[CLOSED] Circular Letter: Seminar Workshop on Corporate Governance & Risk Management for RB Directors – May 13-14, 2010

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[CLOSED] Circular Letter: Seminar-workshop on Corporate Governance & Risk Management for RB Directors (April 8-9, 2010)

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Circular Letter: Seminar-workshop on Corporate Governance & Risk Management for RB Directors – Jan. 28-29, 2010

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Seminar-workshop on Corporate Governance & Risk Management for RB Directors December 16-17, 2009

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CIRCULAR LETTER: SEMINAR-WORKSHOP ON CORPORATE GOVERNANCE & RISK MANAGEMENT FOR RB DIRECTORS – Sept. 08 ’09

pdf-icon150Download in PDF format

[gview file=”http://www.rbap.org/news/wp-content/uploads/2009/09/cg_sept091.pdf”]

Banking on Governance

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Corporate Governance & Risk Management for RB Directors Sept. 29-30, 2008, RBAP Conference Room

Corporate Governance & Risk Management for RB Directors Sept. 29-30, 2008, RBAP Conference Room

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