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Commentary on BSP’s Exposure Draft on the Proposed Market and Liquidity Risk Management Circular

July 17, 2006

TO : ALL RBAP CONFEDERATIONS/FEDERATIONS

FROM : GEN. WILLIAM K. HOTCHKISS III (Ret.), President (AD INTERIM)

SUBJECT : COMMENTARY ON BSP’s EXPOSURE DRAFT ON THE PROPOSED MARKET AND LIQUIDITY RISK MANAGEMENT CIRCULAR

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We are sending the exposure draft on the proposed circular on Market and Liquidity Risk Management which the BSP is seeking our commentary as a banking sector. Please forward your comments to RBAP at info@rbap.org.

We appreciate receiving your comments by July 21, 2006 so that we can relay / discuss them with the appropriate department in the BSP.

Market Risk Management
Risk Management