RBAP

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 The repealed EO 138, signed by former President Estrada, …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.

By Donnabelle L. Gatdula The Philippine Star 08/03/2006 The Bangko Sentral ng Pilipinas (BSP) will release end of this week new rules that would overhaul banks’ reporting system, BSP Deputy Governor Nestor Espenilla said yesterday. “We are tidying up some of the templates and we will be ready to release it. It was already approved …

BSP to release new rules on banks‘ reporting system Read More »

The Philippine STAR 08/01/2006 Rang-ay Bank is opening its 13th branch in Bacnotan on Aug. 3 as it strengthens its regional leadership among rural banks. And two more branches are poised to open in the next few months – one in Naguilian and another in La Trinidad, Benguet.

By Ted P. Torres The Philippine STAR 07/25/2006 Money transfer specialist Peragram is geared to tap the services of over 300 rural banks nationwide in its bid to extend its reach to the beneficiaries of overseas Filipino workers (OFWs) and migrant Filipinos.

By Ted P. Torres The Philippine STAR 07/25/2006 Money transfer specialist Peragram is geared to tap the services of over 300 rural banks nationwide in its bid to extend its reach to the beneficiaries of overseas Filipino workers (OFWs) and migrant Filipinos.