BSP Circular No. 837: Amendments to Pertinent Regulations on Salary Loans
To download a copy of this Circular, please click on this link: c837
Latest BSP Issuances
BSP Circular No. 836: Amending Mircofinance Reports, and Redefining “Microfinance Loans” and “Small and Medium Enterprises Loans” accounts in the Financial Reporting Package (FRP)
To download a PDF copy, please click on this link: BSP Circular No. 836
BSP Circular No: 835: Banking Hours Beyond the Minimum
Pursuant to Monetary Board Resolution No. 783 dated 15 May 2014, Subsection X156.1 of the Manual of Regulations for banks (MORB) is hereby amended as follows: Section 1. The first paragraph of Subsection X156.1 is hereby amended to read, as follows: “X156.1 Banking hours beyond the minimum; banking services during holidays. Banks may, at their …
BSP Circular No: 835: Banking Hours Beyond the Minimum Read More »
BSP Circular No. 833: Amendment to Appendix 75c of BSP Circular No. 808 – Software Acquisition
Pursuant to Monetary Board Resolution No. 690 dated 30 April 2014, Section 6 of Appendix 75c of BSP Circular No. 808 dated 22 August 2013 is hereby amended to include the following: 6. System Acquisition XXX 6.3. TO OPTIMIZE THE USE OF ACQUIRED SOFTWARE AND LIMIT OR MINIMIZE RISKS FROM UNAUTHORIZED OR OBSOLETE SOFTWARE, GUIDELINES …
BSP Circular No. 832: Increase in Reserve Requirements
The Monetary Board, in its Resolution No. 703 dated 8 May 2014, approved the 1-percentage-point increase in the reserve requirements of universal/commercial banks (UBs/KBs), thrift banks (TBs) and non-bank financial institutions with quasi-banking functions (NBQBs). The required reserves for rural banks (RBs) and cooperative banks (Coop Banks), as well as for Long-term Negotiable Certificate of …
BSP Circular No. 832: Increase in Reserve Requirements Read More »
BSP Memorandum No. M-2014-020: Guidelines on the Electronic Submission of Prescribed Reports to the BSP-Supervision and Examination Sector (SES) through the Supervisory Data Center (SDC)
To download a copy in PDF format, please click on this link: m020
BSP Circular No. 830: Increase in Reserve Requirements
The Monetary Board, in its Resolution No. 500 dated 27 March 2014, approved the 1-percentage-point increase in the reserve requirements of universal/commercial banks (UBs/KBs), thrift banks (TBs), rural banks (RBs), cooperative banks (Coop Banks), and non-bank financial institutions with quasi-banking functions (NBQBs). For further details, you may download a copy of this Circular by clicking …
BSP Circular No. 830: Increase in Reserve Requirements Read More »
BSP Memorandum No. M-2014-015: Revised Effectivity Date of Reporting the Movement and Aging of Non-Performing Loans (NPLs)
With reference to Memorandum No. M-2013-053 dated 06 December 2013 on the Enhancements to the Financial Reporting Package (FRP) related to the new reportorial requirement intended to account for the movement in and aging of NPLs, the effectivity date of said new reportorial requirement is hereby moved to reporting period quarter ending 30 June 2014 …
BSP Memorandum No. M-2014-017: Enhancements to the Risk-Based Capital Adequacy Ratio (CAR) Report in Relation to Recently Issued Regulations
Dear rural bankers, The Bangko Sentral ng Pilipinas issued Memorandum No. M-2014-017 on the Enhancements to the Risk-Based Capital Adequacy Ratio (CAR) Report in Relation to Recently Issued Regulations. Pertinent provisions are as follows: Pursuant to Circular No. 827 dated 28 February 2014 on the amendment to the Risk-based Capital Adequacy Framework for Stand-Alone Thrift …
BSP Memorandum No. M-2014-011: BSP’s Expectations for an Effective External Audit Function
The Bangko Sentral ng Pilipinas (BSP), in its Memorandum No. M-2014-011, has issued a set of guidelines for external audit firms that handle assessments of financial institutions. The memorandum, which outlines the guiding principles for an effective external audit function, will be used by the BSP in assessing the effectiveness of the oversight of the …
BSP Circular No. 827: Amendments to the Risk-Based Capital Adequacy Framework for Stand-alone Thrift Banks, Rural Banks, and Cooperative Banks
Dear rural bankers, The Monetary Board, in its Resolution No. 232 dated February 7, 2014, approved the amendments to Appendix 63c and other related provisions of the Manual of Regulations for Banks (MORB) on the revised risk-based capital adequacy framework for stand-alone thrift banks, rural banks, and cooperative banks Attached is a copy of the …
BSP Circular 823: Amendment of Section X181 (2008-X171) on Bank Protection
Dear rural bankers, The Monetary Board, in its Resolution No. 2308 dated December 5, 2013, approved the revisions to Section X181 (2008-X171) of the Manual of Regulations for Banks (MORB) onBank Protection. Attached is a copy of the BSP Circular, as posted on their official website. To download a copy, please click on this link: BSP Circular 823 on …
BSP Circular 823: Amendment of Section X181 (2008-X171) on Bank Protection Read More »
BSP MEMORANDUM NO. M-2013-055: Standard Coding for PhilPass Transactions
The Bangko Sentral ng Pilipinas (BSP), with its mandate to ensure a safe and efficient payments system, will be implementing a standard transaction coding system in order to properly identify the nature of banks’ funds transfer and payment instructions that are coursed through PhilPass for settlement. To get a copy of the BSP Memo, please …
BSP MEMORANDUM NO. M-2013-055: Standard Coding for PhilPass Transactions Read More »
