MORB Archives - Rural Bankers Association of the Philippines

Memo No. M-2016-04 — Reminder on Sound Risk Management Practices when Dealing with Foreign Exchange Dealers, Money Changers, and Remittance Agents

7 April 2016 TO: All Rural Banks RE: MEMORANDUM No. M-2016-04 – REMINDER ON SOUND RISK MANAGEMENT PRACTICES WHEN DEALING WITH FOREIGN EXCHANGE DEALERS, MONEY CHANGERS AND REMITTANCE AGENTS Dear Rural Bankers, Pursuant to Part 8 of the Manual of Regulations for Banks (MORB), banks dealing with foreign exchange dealers, money changers and remittance agents …

Memo No. M-2016-04 — Reminder on Sound Risk Management Practices when Dealing with Foreign Exchange Dealers, Money Changers, and Remittance Agents Read More »

Guidelines in Strengthening Corporate Governance

Leave a Comment / Circular Letters and Memoranda, Feature Story, From BSP, Media Releases, Press releases / By rbapadmin

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 …

Guidelines in Strengthening Corporate Governance Read More »

Guidelines on submission of IT Profile Report

Leave a Comment / Circular Letters and Memoranda, From BSP, Latest News, Media Releases / By rbapadmin

This is to notify all rural bankers of the required accomplishment and submission of IT Profile Report, for the creation of a baseline IT information and, risk profile the complexity of IT operations based on technology related products. Below are the summarized guidelines in the submission of the IT profile, which RBAP hopes will be …

Guidelines on submission of IT Profile Report Read More »

Amendments on the provision of Micro-Agri Loans

Leave a Comment / Circular Letters and Memoranda, From BSP, Latest News / By rbapadmin

All member rural banks are hereby notified of the amendments on the provisions of Micro Agri Loans, as stipulated in the recently issued BSP circular. The modifications are under subsection X361.7 of the MORB. Particular attention should be given on Section 2, which lists several prudential requirements for compliance; Section 3 meanwhile covers the breakdown …

Amendments on the provision of Micro-Agri Loans Read More »

Revised compliance framework for all banks

2 Comments / Circular Letters and Memoranda, Feature Story, From BSP, Latest News, Media Releases, Press releases / By rbapadmin

The BSP has just released Circular 747, amending the entirety of Section X180 of the Compliance System under the Manual of Regulations for Banks. These revisions were approved by the Monetary Board in its resolution signed on the 20th of January 20, 2012. Please take note that all should comply on or before July 1, …

Revised compliance framework for all banks Read More »

Amendments on exemptions granted to small and micro-enterprises

Leave a Comment / Circular Letters and Memoranda, From BSP, Latest News, Media Releases / By rbapadmin

This is to notify all rural banks concerned of the amendments on subsection X304.1 of the Manual of Regulations for Banks, with respect to the extension of submission granted to micro and small enterprises. As stipulated: “Loans small and micro enterprises which are not specifically exempted from the additional documentary requirements specified under the third …

Amendments on exemptions granted to small and micro-enterprises Read More »

Circular No. 745

Leave a Comment / Accomplishments, Circular Letters and Memoranda, From BSP, Latest News, Media Releases / By rbapadmin

Please be advised that Subsection 4306Q.5 of the Manual of Regulations for Banks has been amended, pursuant to Monetary Board Resolution No. 1952, dated 27 December 2011. The amendments cover the reporting requirements for write-off of loans, other credit accomodations, advances and other assets. C745 View more documents from RBAPAT54

MORB