Circular Letters and Memoranda
The Banco Sentral ng Pilipinas has approved the renaming of Rural Bank of Soliven in Isabela to Common Wealth Rural Bank, Inc. With Circular No. CL 2011-074, the formal change of corporate name was approved on October 6, 2011.
Electronic Processing of Checks to Start Soon
01.19.2017 The electronic processing of checks shall commence on 20 January 2017. The Philippine Clearing House Corporation (PCHC) is set to implement the clearing of checks via electronic presentment through its Check Image Clearing System (CICS). Under the CICS, only the digital images of checks and their electronic payment information will be transmitted to the …
BSP Issues Regulation Enabling Banks to Expand Service Delivery Channels
01.18.2017 In line with the thrust of the Bangko Sentral ng Pilipinas to create an enabling regulatory environment for innovations and allow banks to exponentially expand reach and serve clients more efficiently, the Monetary Board recently approved the guidelines for new bank service channels and relaxed existing regulations on deposit taking activities outside bank premises. …
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BSP Supervisory Process & Examination Approach on Bank’s Compliance – Oct 17 -Butuan City
One-Day Orientation/Briefing on BSP Supervisory Process and Examination Approach on Monitoring Bank’s Compliance with the Single Borrower’s Limit The Bangko Sentral ng Pilipinas, through the Central Point of Contact Department III (CPCD III) and Examination Department III (ED III) and in partnership with the Rural Bankers Association of the Philippines (RBAP) invite you to attend …
