Press releases
BSP Memorandum No. M-2014-035: Guidelines on the Electronic Submission of the Enhanced Report of Selected Branch Accounts
MEMORANDUM TO: All Member Rural Banks DATE: 18 September 2014 RE: Guidelines on the Electronic Submission of the Enhanced Report of Selected Branch Accounts ———————————————- Please be informed that the Bangko Sentral ng Pilipinas, through Memorandum No. M-2014-035, has issued guidelines on the electronic submission of bank deposit interest rates as part of the Report …
BSP Circular No. 848: Reportorial Requirements for Bank Deposit Interest Rates
BSP Circular No. 848 RE: Reportorial Requirements for Bank Deposit Interest Rates Pursuant to Monetary Board Resolution No. 1296 dated 20 August 2014, Section X149 and Appendix 6 of the Manual of Regulations for Banks (MORB) are hereby amended. Section 1. Reportorial Requirement A NEW SUBSECTION X149.8 IS HEREBY ADDED TO SECTION X149 OF THE …
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BSP Circular Letter No. CL-2014-045: Anti-Money Laundering Council (AMLC) Resolution No. 43 dated 23 May 2014
Dear Sir/Madam, Please be advised that the Anti-Money Laundering Council (AMLC) issued Resolution No. 43 dated 23 May 2014 which resolved to allow covered persons to submit multiple suspicious transactions under one suspicious transaction report (STR), subject to the observance of the following guidelines: 1. The suspicious transactions shall involve similar suspicious transaction indicator, and …
BSP Circular No. 844: Cross-selling of Collective Investment Schemes and Other Amendments to Circular No. 801 on Revised Cross-selling Framework
Dear Sir/Madam, The Monetary Board, in its Resolution No. 1207 dated 1 August 2014, approved the guidelines on cross-selling of collective investment schemes and amendments of certain provisions of the Manual of Regulations for Banks (MORB), as provided under Circular No. 801 dated 27 June 2013 (Revised Cross-selling Framework) Attached is a copy of the …
BSP Memorandum No. M-2014-031: Regulatory Relief for Banks Affected by Typhoon “Glenda”
To download a copy in PDF file, please click on this link: BSP Memorandum No. M-031
BSP MEMORANDUM NO. M-2014-029: Withholding of Percentage Tax – Gross Receipt Tax (GRT)
To: ALL BANKS AND NON-BANK FINANCIAL INSTITUTIONS WITH QUASI-BANKING FUNCTIONS Subject: Withholding of Percentage Tax – Gross Receipt Tax Under Revenue Regulations No. 02-98, the Bangko Sentral ng Pilipinas (BSP) is required to deduct and withhold the percentage taxes, GRT due from its payments to all banks and non-bank financial institutions with quasi-banking functions, to …
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BSP Circular Letter No. CL-2014-044: Updated Validation Rules of the BSP for the Financial Reporting Package
In an effort to further assist banks in finalizing the Financial Reporting Package (FRP), attached are the updated validation rules used by the BSP to check and determine whether the entries in the FRP are either balanced and reconciled or cited with mathematical defects requiring correction and the submission of amendments that are subject to …
BSP Memorandum No. M-2014-026: Guidelines on the Electronic Submission of the Published Balance Sheet (BS) and Consolidated Balance Sheet (CBS) in Relation to Recently Issued Regulations
To download a PDF Copy, please click on this link: BSP Memorandum M-2014-026
BSP Memorandum No. M-2014-025: Guidelines on the Electronic Submission of the Financial Reporting Package (FRP) in Relation to the Recently Issued Regulations
To download a PDF copy, please click on this link: BSP Memorandum No. M-2014-025
BSP Memorandum No. M-2014-024: Guidelines on the Electronic Submission of Microfinance Reports in Relation to Recently Issued Regulation
To download a PDF copy, please click on this link: BSP Memorandum No. M-2014-024
BSP Circular No. 838: Amendments to Foreign Exchange Regulations
To download a PDF copy, please click on this link: BSP Circular No. 838
BSP Circular No. 837: Amendments to Pertinent Regulations on Salary Loans
To download a copy of this Circular, please click on this link: c837
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 …
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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 …
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