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    Ban Iko Pilipinas: Sentral

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    Maya Julieta Catacutan-Estabillo
    The Bangko Sentral ng Pilipinas issued Circular No. 1052 rationalizing prudential reporting requirements for banks and other financial institutions. It approved amendments to Appendix 7 of the Manual of Regulations for Banks which lists required reports. Specifically, it deleted 14 reports listed in Annex A from the reporting requirements. The Circular aims to ensure information gathered remains relevant to surveillance and supervision while promoting ease of doing business for financial institutions. It takes effect 15 days after publication.

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    Ban Iko Pilipinas: Sentral

    Uploaded by

    Maya Julieta Catacutan-Estabillo
    238 views3 pages
    The Bangko Sentral ng Pilipinas issued Circular No. 1052 rationalizing prudential reporting requirements for banks and other financial institutions. It approved amendments to Appendix 7 of the Manual of Regulations for Banks which lists required reports. Specifically, it deleted 14 reports listed in Annex A from the reporting requirements. The Circular aims to ensure information gathered remains relevant to surveillance and supervision while promoting ease of doing business for financial institutions. It takes effect 15 days after publication.

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    BSP c1057

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    BSP c1057

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    The Bangko Sentral ng Pilipinas issued Circular No. 1052 rationalizing prudential reporting requirements for banks and other financial institutions. It approved amendments to Appendix 7 of the Manual of Regulations for Banks which lists required reports. Specifically, it deleted 14 reports listed in Annex A from the reporting requirements. The Circular aims to ensure information gathered remains relevant to surveillance and supervision while promoting ease of doing business for financial institutions. It takes effect 15 days after publication.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    238 views3 pages

    Ban Iko Pilipinas: Sentral

    Uploaded by

    Maya Julieta Catacutan-Estabillo
    The Bangko Sentral ng Pilipinas issued Circular No. 1052 rationalizing prudential reporting requirements for banks and other financial institutions. It approved amendments to Appendix 7 of the Manual of Regulations for Banks which lists required reports. Specifically, it deleted 14 reports listed in Annex A from the reporting requirements. The Circular aims to ensure information gathered remains relevant to surveillance and supervision while promoting ease of doing business for financial institutions. It takes effect 15 days after publication.

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    © All Rights Reserved
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    of 3

    lli.

    BAN<IKo SeNTRaL N<l PILIPINAS

    OFFICE OF THE GOVERNOR

    crRcurAR No.105Z
    Series of 2Ot9

    Subject: Rationalization of Prudential Reporting Requirements

    The Monetary Board in its Resolution No. 1479 dated 27 September 2OLg,
    approved the amendments to Appendix 7 (Reports Required of Banks), an appendix to
    Section I73 of the Manual of Regulations for Banks (MORB) and other relevant sections of
    the MORB as part of the report rationalization initiative of the Bangko Sentral.

    Section 1. Policy Statement. Cognizant of the significant developments in the


    regulatory and business environment, the Bangko Sentral is continuously reviewing the
    prudential reports required from BSP supervised financial institutions {BSFls) to ensure
    that information being gathered remain relevant to the surveillance and supervisory
    functions of the Bangko Sentral. The report rationalization initiative aims to contribute to
    continuing adherence to internationally recognized standards and practices on data
    aggregation and Sovernance as well as promote ease of doing business in BSFls.

    Section 2. Appendix 7. REPORTS REqUIRED OF BANKS. Appendix 7 is hereby


    amended by deleting the reports listed in "Annex A" from the reports required to be
    submitted by banks. All references to reports listed in Annex A and embodied in various
    sections of the MORB are likewise deleted.

    Section 3. Effectivity. This Circular shall take effect fifteen (15) calendar days after
    its publication either in the Official Gazette or in a newspaper of general circulation.

    FOR THE MONETARY BOARD:

    c- q.
    BENJAMIN E. DIOKNO
    Governor

    l!_ October 2019

    A. Mabini St. Malate 1004 Manila, Philippinesr(632) 7087701*[email protected]


    Annex A

    :i:; 'v. ::::


    ::: l t,flffiAPPETDIX 7 OF ITIE M(NB

    Catefory Form No. MOR Ref. Reoort Title Frequency


    1 B -(For UBs/KBs/ DCB l/ll Form 6C Section 346 Availments of Financial Assistance to Officers Semestral
    RB/Coop Banks) (BSP 7-15-20) and Employees Under an Approved Plan
    A-3 - (For TBs) (For UBs/KBs)
    TB Form 9
    (For TBs)
    RB/COB
    Form 13
    (For RBs/Coop Banks)

    Section 613
    (Cir. No. 594 dated 01.08.08,
    2 A-1 Unnumbered as amended by M-009 dated Derivatives Report Monthly
    02.27.08)

    3 B Unnumbered Section 135 Disclosure Statement on SPV Transactions Quarterlv


    4 B TCRKB.dbf Report of Outstanding Loans, Advances, Semestral
    Discounts and Trading Account Securities

    5 Report on Change of Required Information on As examination


    Bank\s Profiles, Organizational Structure and occurs
    Operating Policies

    6 A-2 TB Form 20A Section 418 Report on Peso-Denominated Common Trust Weekly
    (As amended by M-020 dated Fund and Other Similarly Managed Funds
    04.22.L4, Cir. No.890 dated (crF)
    11.02.15, 953 dated 06.27.L7
    and M-028 dated 09.11.17)

    7 A-1 Unnumbered Sections L72 and 387 Reports on Initial Adoption of PRFRS 9 Upon initial
    iM-020 dated 04.22.t4 and Cir application of PFRS
    No. 890 dated 11.02.15) 9

    8 A-2 Unnumbered Section 147 ielf-Assessment and Certifi cation of Annually


    (Cir. No. 520 dated 09.03.08) 3ompliance with Rules and Regulations on
    lank Protection/Updated Security program

    9 B SES lll Form 27 Section L73 Specimen Signature of Authorized Signatories As changes occur
    and Board Resolution Designating Authorized
    Signatories

    10 A-3 Unnumbered Section 289 Summary of Loans Granted Annually


    11 A-1 Unnumbered Sections 172 and 381 Supplementary Report on Early Adoption of Monthly for
    (M-020 dated 04.22.L4 as PFRS 9 - Solo (Applicable to Early Adopter of KBs/fBs, Quarterly
    amended by Cir. No. 890 dated BSFIs) for RBs
    11.02.15, Cir. No. 963 dated
    06.27.L7 and M-028 dated
    09.11.17)

    72 A-1 Unnumbered Sections 172 and 381 Supplementary Report on Early Adoption of Quarterly for
    (M-020 dated 04.22.14 as PFRS 9 - Consolidated (Applicable to Early KBs/rBs
    amended by Cir. No. 890 datec Adopter of BSFIs)
    1]-.02.L5, Cir. No.963 dated
    06.27.77 and M-028 dated
    09.11.17)
    Annex A

    * .. ' : REFffili FiOR DEI,€TIOfl UITDER APPEilDIX 7 (frTNEMOffi


    13 A-2 TB Form 1 Weekly Inventory List of Govt. Securities Held Weekly
    Schedule On a Daily Basis

    L4 A-3 FX Form 1 Sch. 1 Section 173 Consolidated Foreign Exchange Assets and Monthly
    (Formerly FED Form l, Liabilities in Original Currency - RBU & FCDU
    Sch.16)

    15 B Daily Quoted Lending Daily Report on the Quoted Lending Rate and Daily
    and SSA Rate Report 30-Day Special Savings Deposit Ratel

    16 B Combined Report on Credits Granted and Outstanding - Monthly


    85P 05-1702 and 3y Banking Unit
    BSP 05-17-31

    L7 B RS Form 2C Report on Quoted Rates of Dollar Savings and Weekly


    (BSP s-17-36)
    Time Depositsl
    (Revised July 2001)

    18 B RS Form 24 Section 173 Report on the Volume and Interest Rates on Monthly
    (BSP s-17-33) Deposits Audit Line Availments Under Short
    (Revised July 2001) Term Present Rates

    19 B RS Form 18 Section 173 Report on the Weighted Average Interest Monthly


    (cBP s-17-30) Rates on Outstanding Loans and Discounts
    (Revised July 2001) and Weighted Average Interest Rates on
    Savings Depositsl
    20 B RS Form 14 Section 173 Volume and Interest Rates on Loans and Weekly
    (CBP 5-17-30 (Revised
    Discounts Grantedl
    July 2001)
    2L Sovernment Funds Held/Compliance with
    LiquidiW Floor Requirement

    'To be deleted upon live implementation of the Interest Rate on Loans and Deposits in consonance
    with Circular Nos. 1029 and 1037 dated
    25 January 2019 and lL April 2019, respectivelv.

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