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AMLA Seminar: BSP Cir 706 -UARR – June 05,2013

AMLA Seminar: Briefing on BSP Cir.706 Updated AML Rules and Regulations

Date: June 5, 2013 (Wednesday)
Venue: Gov. Licaros Hall, RBAP Bldg, Intramuros, Manila
Time: 8:30am to 5:30pm
Resource Person: ATTY.  MEL GEORGIE B. RACELA, CPA, LLB, LIM
Dep. Dir. and Head of AMLSG , Banko Sentral ng Pilipinas

Seminar Fee:

1. Early bird – P1,710 (on or before May 17, 2013)
2. Regular Rate – P1,800 (After May 17, 2013)
3. Non-Member/Delinquent – P2,200

Mode of Payment

•	A Non-Refundable commitment fee of P900.00 per participant.
•	Bank account (LBP – Intramuros Branch Savings Account Number 0012-1046-26).
•	Proof of payment fax to (02) 527-2980.
•	Check payments, should be payable to (RBRDFI).

Training Policies:

1.	Reserve first with RBAP-RBRDFI your training slot, and wait for
RBAP-RBRDFI confirmation of your reservation. Thereafter, you may deposit
the Registration Fees, book ticket (airline) and secure accommodations.

RBAP-RBRDFI will not be responsible for any damage caused by unconfirmed
reservation (s).

Likewise, once training is FULL, RBAP-RBRDFI has the right to refuse
participation or reimbursement on any damage brought by unconfirmed
reservations.

Deadline for submission of registration is not later that May 31, 2013.

2.	Reservation via telephone conversation is accepted. However,
Registration Form and fee must be settled 10 days prior the seminar date
or May 24, 2013. Otherwise, reservation is considered cancelled.

3.	Cancellation Policy: - This will apply to non-subsidized training fee.
a)	10 days prior the seminar date is entitled for a full refund. *Regular
Rate only

b)	3 days prior to the seminar date is entitled for a half refund *
Regular Rate only

c)	Participants who have paid but failed to show up for the seminar will
only be entitled to a rebate of 50% of the total registration fee.
(Regular Rate only)

d)	For special cases (health, accident etc.), kindly coordinate with
RBRDFI staff for refund procedures and requirements.

Seminar Methodologies

Lecture and Discussions

Expected Participants

President, Directors, Compliance Officer, Internal Auditors, Managers

Course Outline
I.	Review of Highlights of Circular No. 706
II.	Background on the amendments
III.	Amendments to Circular No. 706
IV.	AML Risk Rating System
V.	Question and Answer

**Part of the training requirement, participants are expected to read
beforehand the BSP Circular No. 706 dated 5 January 2011 otherwise known
as the Updated AML Rules and Regulations (UARR).  Copy of the BSP Circular
706 is attached for your reference.

Download the Confirmation Sheet in PDF

Visayas Management Conference March 14-15, 2013 at Oriental Hotel Leyte

The Leyte, Samar and Biliran Federation of Rural Bankers will hold its annual Managment Conference on March 14-15, 2013.

The date was moved back a few weeks later than its original schedule, which was Feb 21-22,2013.

Venue remains unchanged at Oriental Hotel Leyte, Baras, Palo, Leyte.

For more details please click the following links below:

2013 Management Conference -Registration Form

2013 VISAYAS MANAGEMENT CONFERENCE-Venue

2013 Visayas Management Conference

Hotel Rates

notice

CIRCULAR LETTER TO ALL RURAL BANKS IN VISAYAS

“RBAP-MABS Program transitions to RBAP’s Financial Inclusion Program

The Rural Bankers Association of the Philippines – Microenterprise Access to Banking Services (RBAP-MABS) Program, which the United States Agency for International Development (USAID) supported from 1998 to September 2012, has transitioned into RBAP’s FINANCIAL INCLUSION Program (FIP). RBAP’s technical arm, Rural Bankers Research and development Foundation (RBRDFI), is leading the implementation of FIP.  Hoping to reach out to RBAP’s broader membership base, the Program aims to continue  promoting good practices and principles in microfinance through training and various fora. A program of training will continue to be offered on topics like micro insurance, basic training for loan officers, delinquency management, training for supervisors, mobile phone banking, and more.

Recently concluded, MABS basic training for Microfinance field staff held on November 12-14, 2012 at the RBAP training facility was attended by 38 participants from 13 rural banks. Although intended for microfinance loan staff, participants that attended the training event included bank directors, branch managers, training officers, compliance officers who wanted to understand the basics of the MABS  Approach and tools that they could bring back with them to improve their bank’s microfinance portfolio.

RBAP, under the leadership of Atty. Edward Leandro Garcia, Jr,  will continue to build on strategic public private partnership to advance the use of technology for rural banking, advocate  appropriately designed micro loans, savings, and microinsurance, promote client protection principles and practices, and monitor rural banking sector performance.

Sustainability had been a key platform upon which the MABS program was envisioned when it started in 1988. Happily, going forward, the rural banking sector is assured with continuing to enjoy the association’s advocacy for best practices and principles in rural banking especially in serving the micro, small and medium enterprise owners and their households.”

BSP:Bank Lending Expands Faster in October

otal outstanding loans of commercial banks, net of banks’ reverse repurchase (RRP) placements with the BSP, expanded in October at a faster pace of 15.8 percent relative to the growth of 13.5 percent in September. Bank lending inclusive of RRPs grew by 14.2 percent, the same rate as in the previous month. Commercial bank loans have been growing at double-digit rates since January 2011. On a month-on-month seasonally-adjusted basis, commercial bank lending in October increased by 2.1 percent for loans net of RRPs and by 1.6 percent for loans inclusive of RRPs.

Loans for production activities—which comprised more than four-fifths of banks’ aggregate loan portfolio—grew by 16.4 percent in October from 13.9 percent in the previous month. Meanwhile, the growth of consumer loans eased slightly to 13.9 percent from 14.6 percent in September due mainly to the slowdown in auto loans.

The expansion in production loans was driven primarily by increased lending to the following sectors: wholesale and retail trade (by 46.5 percent); real estate, renting, and business services (28.6 percent); financial intermediation (31.8 percent); manufacturing       (14.6 percent); transportation, storage, and communication (28.2 percent); public administration and defense (49.3 percent); and electricity, gas, and water (13.8 percent). Meanwhile, declines were observed in lending to mining and quarrying (-39.4 percent) and agriculture, hunting, and forestry (-45.7 percent).

The recent rounds of monetary policy easing, alongside the favorable outlook for domestic demand, are expected to continue to support bank lending in the months ahead. Going forward, the BSP will continue to monitor liquidity conditions to ensure that credit activity remains supportive of overall economic growth while remaining consistent with the BSP’s price stability objective.

To view table, please see link below:

http://www.bsp.gov.ph/publications/tables/2012_12/news-12132012b1.htm

https://www.rbap.org/2012/12/bspbank-lending-expands-faster-in-october/

BSP: Consumer Confidence Edges Higher in Q4 2012

Consumer sentiment improved in Q4 2012 as the overall confidence index (CI) climbed to -10.4 percent in Q4 2012 from -13.3 percent in Q3 2012. This is the second highest reading since the nationwide survey started in Q1 2007. The CI is computed as the percentage of households that answered in the affirmative less the percentage of households that answered in the negative with respect to their views on a given indicator. The higher (but still negative) CI in Q4 2012 means that the number of households with an optimistic outlook increased but they continued to be outnumbered by those who think otherwise. Respondents cited the following factors for their improved sentiment: (a) more jobs as a result of more working family members, (b) additional income and higher salary, (c) increasing investment inflows, (d) improvements in infrastructure and (e) better governance.

Looking ahead, consumer expectations for the next quarter and the year ahead remained positive, with the CIs at 6.3 percent and 16.8 percent, respectively.  This indicates that the optimists continued to top the pessimists for the next quarter and the year ahead. Consumers are confident that improvements in the economy and family finances will be carried over to the next 12 months.

To view full article, see the link below:

http://www.bsp.gov.ph/publications/media.asp?id=3066

CIRCULAR NO. 776 Series of 2012

The Bangko Sentral ng Pilipinas signed a circular to ” Amendment of Subsection X268.3 of the Manual of Regulations for Banks (MORB) to include a provision on the grant of temporary rediscounting lines to newly merged or consolidated banks”.

Please see link below to view document:

http://www.bsp.gov.ph/downloads/regulations/attachments/2012/c776.pdf

RBAP-RBRDFI Holds Corporate Governance Seminar

The Rural Bankers Association of the Philippines(RBAP), through the Rural Bankers Research and Development Foundation Inc.(RBRDFI), held the first corporate governance seminar last Dec 13 and 14 at the RBAP Building in Intramuros, Manila.

The training seminar is in partnership with the Land Bank of the Philippines(LBP), which provided financial assistance for  the attendees.

A total of 38 participants from 32 rural banks have registered for the seminar. Since slots are limited, RBAP ruled that only one representative for every rural bank can avail of the financial assistance provided by the LBP. Additional representatives can be included when at least 30 RB’s have already registered in a  scheduled training. Every seminar can accommodate at most 40 people.

Irene Aroyo, a representative from Philippine Deposit Insurance Corp.(PDIC), was speaker for the event. Also, observers from the Bangko Sentral ng Pilipinas(BSP), Arnold Martinez, and Bangko Sentral ng Pilipinas Institute (BSPI) namely ,Candice Wycoco, graced the training.

The two-day seminar was mandated by recent BSP issuances, particularly Circulars No.749 and 757 which sets new guidelines in strengthening the Corporate Governance in financial institutions.


 

RBAP concludes another successful Strengthening Bank Credit Risk Management Training

As the economy continue to enjoy its resiliency from external trumoils, the Rural Bankers Association of the Philippines also acknowledged the fact that this relaxed atmosphere will also come to an end. Thus , RBAP through its training arm the Rural Bankers Research & Development Foundation, Inc. is continuously offering the Strengthening Bank Credit Risk Management training. The training provides credit-awareness – as a key to financial strength and sustainability, along with an aim to protect member banks of future endeavors and help them identify means to bump off risks.

Last December 5-6, 2012, it was participated by 33 participants representing 20 RBs at the RBAP Bldg. in Intramuros, Manila

The training includes practical application of credit risk management theories and enhancement of competency in loan processing , which was facilitated by Celenita Francisco, CPA, a professional resource speaker and bank consultant.

The training was capped by a photograph with Ms.Francisco

RBAP: 55th Charter Anniversary Symposium

The Rural Bankers Association of the Philippines celebrated its 55th Charter Anniversary Symposium at Fiesta Pavilion Manila Hotel last November 19 and 20.

The event was graced by representatives from different banking sectors and distinguished people from the regulators office like the Bangko Sentral ng Pilipinas.

One of the guests were Monetary Board member Ignacio Bunye. Bunye recently launched his book titled “Central Banking for Juan and Maria”, a primer on central bank’s vision and mission as well as its functions.

Bunye also conducted a book signing during the symposium.

Also, the RBAP recognized its member banks that are now on its 50th year of service in the rural banking industry.

The certificates were given during the fellowship night on November 19,2012.

Atty. Edward Leandro Garcia, RBAP president, recognized the commitment of his fellow rural bankers to promote financial inclusion and country side developments in the regions they serve.

The two day event was filled with fruitful talks and speeches from related industries, to view their presentations, please click the link provided blow:

RBAP_BAPCB_Intro(11202012)

rnet presentation nov2012E

CIC Presentation to Rural Banks 2012Nov19

FIRST VALLEY RB-Presentation3

BDO-Presentation_RBAP Symposium_Nov19-20_rev2

financial inclusion-PRT RBAP

RBAP presentation on CG (Manila Hotel_20 Nov 2012)

BSP New Issuances-RBAP 55th Charter Symposium

FEF Presentation 11.20.12

AMLA PPT for RBAP- Copy

SPRB Plus Presentation

SHARES OF STOCK VALUATION (1)

Mobile banking – RBAP conference 121120

microinsurance

Landbank-EBANKING_11.20.12

Family Constitution modules:

RBAP_BAPCB_Intro(11202012)

2. Family Dynamics in the Family Business

3. Family Business Governance

4. The Family Council

5. Fam Council guide1

6. FAMILY COUNCIL covers these critical issues

7. Family Council

8. Family Constitution (1)

9. The Family Constitution

For inquiries on presentations, kindly send an e-mail to info@rbap.org

The symposium was concluded by a grand raffle draw with exciting prizes given away.

55th Charter Anniversary Symposium Program

The Rural Bankers Association of the Philippines will be celebrating its 55th Charter Anniversary Symposium on November 19-20, 2012 at the Fiesta Pavilion, Manila Hotel.

To view event activities, please click the link below:

2012 Sympo Program-final

 

BSP Grants Regulatory Relief to Banks Affected by Typhoon “Gener”

The Bangko Sentral ng Pilipinas is granting regulatory relief measures to banks to enable them to similarly assist and ease the financial burden of bank customers adversely affected by Typhoon “Gener” which devastated several parts of the country last 28 July to 2 August 2012.  Eligible for the relief measures are those in the following areas identified by the National Disaster Risk Reduction and Management Council on 20 September 2012:

  • NCR: Makati City, Malabon City, Manila City, Marikina City, Muntinlupa City, Navotas City, Parañaque City,  Quezon City, Taguig City and Valenzuela City
  • Region I: Ilocos Norte, Ilocos Sur, La Union and Pangasinan
  • Region II: Cagayan
  • Region III: Bataan, Bulacan, Nueva Ecija, Pampanga, Tarlac and Zambales,
  • Region IV-A: Batangas, Cavite, Laguna and Rizal
  • Region IV-B: Occidental Mindoro and Oriental Mindoro
  • Region V: Masbate and Sorsogon
  • Region VI: Aklan, Antique, Iloilo and Negros Occidental
  • Region VII: Cebu
  • Region IX: Zamboanga del Norte
  • Region X: Lanao del Norte and Misamis Oriental
  • Region XI: Davao del Sur
  • Region XII: North Cotabato
  • CAR: Abra, Apayao, Benguet, Ifugao, Kalinga and Mountain Province

Similar relief measures were extended by the BSP to thrift and rural/cooperative banks in cities/provinces that were affected by previous typhoons such as Sendong, Pedring, Mina and Juaning in 2011, and southwest monsoon “Habagat” and typhoon Helen in 2012.

As approved on 8 November 2012 by the Monetary Board, the BSP’s policy-making body, the temporary relief measures include:

For Thrift Banks/Rural Banks/Cooperative Banks

1. Excluding existing loans of borrowers in affected areas from the computation of past due ratios provided these are restructured or given relief;

2. Reducing the 5 percent general loan loss provision to 1 percent for restructured loans of borrowers in the affected areas;

3. Non-imposition of penalties on legal reserves deficiencies with head office and/or branches  in the affected areas;

4. Moratorium on monthly payments due to BSP for banks with ongoing rehabilitation programs;

5. Subject to BSP approval, booking of allowance for probable losses on a staggered basis over maximum of five (5) years for all types of credit extended to individual and businesses directly affected by the calamity;

6. Non-imposition of monetary penalties for delays in the submission of supervisory reports;

For All Banks

7. Allowing banks to provide financial assistance to their officers and employees who were affected by the calamity including those assistance that may not be within the scope of the existing BSP-approved Fringe Benefit Program;

For All Rediscounting Banks

8. Granting of a 60-day grace period to settle the outstanding rediscounting obligations as of 28 July 2012 with the BSP of all rediscounting banks in the affected areas; and

9. Allowing banks to restructure with the BSP, on a case-to-case basis, the outstanding rediscounted loans of borrowers affected by the calamity.

These measures will be in effect for a defined period and covered by additional specific and other prudential conditions.

 

To view article on BSP website, please click the link below:

http://www.bsp.gov.ph/publications/media.asp?id=3042


 

Article lifted from: Bangko Sentral ng PIlipinas, November 14,2012

 

BSP Issues Reminder on Rules for Transport of the Philippine Peso

The Bangko Sentral ng Pilipinas (BSP) is reminding travellers to/from the Philippines (both residents and non-residents) that under Section 4 of the Manual of Regulations on Foreign Exchange Transactions (FX Manual) issued by the Bangko Sentral, a person may without prior BSP approval, bring into, import or electronically transfer legal tender Philippine notes and coins, checks, money order and other bills of exchange drawn in pesos against banks operating in the Philippines in an amount not exceeding PHP10,000.00. Any excess amount not covered by specific written authorization from BSP is subject to confiscation by the Bureau of Customs (BOC).

The BSP clarified that in general, cross-border transfer of local currency in excess of the limit is allowed for limited purposes only, typically for testing/calibration of money counting/sorting machines and in small amounts for numismatics.  For business/pleasure trips to the Philippines, travellers are advised to bring in foreign exchange which may freely and easily be converted to pesos with  authorized agent banks, their subsidiary/affiliate foreign exchange corporations, as well as money changers.

To view full article, please visit :http://www.bsp.gov.ph/publications/media.asp?id=3043

Article lifted from: Bangko Sentral ng Pilipinas, November 14, 2012

 

MALAYA BUSINESS INSIGHT: RBAP loans under MABS reaches P42B

The country’s rural banks were able to lend to over 970,000 new borrowers, disbursed a total of P42 billion, and opened nearly 900,000 new micro deposit accounts under the  Microenterprise Access to Banking Services (MABS), an organization funded by the U.S. Agency for International Development (USAID).

On top of this, mobile banking has reached more than P 16 billion worth of transactions or more than $300 million US Dollars since its introduction in 2006.

Over the last 15 years, the Rural Bankers Association of the Philippines (RBAP), MABS and USAID continuously worked on financial inclusion in the countryside.

MABS was able to conduct extensive and thorough research because of a funding generously provided by the USAID.

Because of this research, MABS was able to analyze the financial situation of Filipinos in the countryside.

MABS clearly pointed out several areas where Filipinos need to expose themselves in terms of financial product consumption.

The organization was able to tap the market of the rural banking industry, which provides financial services in over 2,000 locations in the country, through a partnership with the RBAP.

With sufficient resources form the USAID, MABS and RBAP worked hand in hand to provide financial inclusion in developing areas; innovations such as mobile banking and microinsurance came into the picture.

Low income Filipinos found a way to secure their financial needs and be prepared for unexpected incidents.

To view full article, please click the link below:

http://www.malaya.com.ph/index.php/special-features/banking-and-finance/16768-rbap-loans-under-mabs-reaches-p42b

Article lifted from Malaya Business Insight website.

 

PHILIPPINE STAR: Microinsurance best for migrant workers

MANILA, Philippines – Migrants often serve as the equivalent of an informal insurance policy when adversity strikes their families back home but they themselves tend to be vulnerable and have limited access to social protection in host countries.

Insurance could help address some of the risks involved but it is often too costly, complex and difficult to access for many low-income migrants.

International migrants send home over $400 billion a year, yet they and their families often lack basic social protection. That is where microinsurance can step in.

ILO’s Microinsurance Innovation Facility head Craig Churchill said that these households require simple products that can be delivered inexpensively and conveniently, characteristics common to microinsurance.

To view full article, please click the link below:

http://www.philstar.com/Article.aspx?articleId=867182&publicationSubCategoryId=74

Article written by: Mr. Ted P. Torres,PhilStar

RE-POST: RBAP 55th Charter Anniversary Symposium

Rural Bankers Association Philippines 55th Charter Anniversary November 19-20,2012 at the Manila Hotel.

The Charter Anniversary Symposium is an annual gathering of Filipino Rural Bankers tackling issues, innovations and accomplishments of the rural banking industry.

For more details, please click the provided link: RBAP 55th Charter Anniversary