BSP Cir 855 Orientation – May 05, 2015 in Lucena City

One-Day Orientation On
BSP Cir.855: Guidelines on Sound Credit Risk Management Practices; Amendments on MORB and NBFIs

Date: May 05, 2015 (Tuesday)
Venue: Queen Magarette Downtown Hotel Time: 8:30am to 5:00pm
M.L. Tagarao Street cor. Granja Street, Lucena City

Resource Persons
MR. ALEC BADIOLA, Acting Manager
of Bangko Sentral ng Pilipinas

Orientation Fee:
1. Regular Rate – Ph 1,200.00
2. Check payments, should be payable to (Federation of Quezon Rural Bankers).

Seminar Methodologies
Lecture and Discussions

Expected Participants
President, Director, Credit Risk Officer, Compliance Officer,
Loan Officer, and Branch Manager


Ø Provide minimum set of standards on credit risk management to ensure that:
* exposures are appropriately identified, measured, monitored and controlled
* provisions are adequate relative to risks taken
Ø Further align existing BSP regulations with the Basel Core Principles
Ø Allow banks greater flexibility of defining appropriate CRM standards for their desired credit products


I. Sound credit risk management system covering the following areas:

1. Establishing an appropriate credit risk environment
* Roles and responsibilities of the board and management
* Credit risk strategy
* Credit risk management structure
* Prudent credit policies, processes and procedures, including policies
on transactions with related parties
2. Operating under a sound credit granting process
* Appropriate authority
* Well-defined credit granting criteria and underwriting standards
* Prudent and appropriate credit limits
* Credits granted to related parties

3. Maintaining an appropriate credit administration, measurement, and
monitoring process
* Adequate documentation
* Development of credit grading system
* Validation and stress testing policies
*Adequate MIS and monitoring process

4. Maintaining an appropriate credit control process
* Independent review process
* Credit classification system
* Development of loan-loss methodology for provisioning
* Effective problem loan workout and restructuring
* Policy on write off

II. Compliance with the Transitory Provision
a) Gap analysis
b) Action Plan

Download the Confirmation Sheet in PDF