This document outlines various sections related to regulations for banks in the Philippines. It discusses sections on certificate of authority to register a business, requirements for foreign bank entry and operations, capital requirements, and guidelines for merger and consolidation of banks to meet minimum capital requirements. Sections include modes of foreign bank entry, qualification and selection guidelines, capital ratios, risk-based capital, guarantees and operations authority. It also reserves sections for future rules on merger incentives and consolidation programs.
This document outlines various sections related to regulations for banks in the Philippines. It discusses sections on certificate of authority to register a business, requirements for foreign bank entry and operations, capital requirements, and guidelines for merger and consolidation of banks to meet minimum capital requirements. Sections include modes of foreign bank entry, qualification and selection guidelines, capital ratios, risk-based capital, guarantees and operations authority. It also reserves sections for future rules on merger incentives and consolidation programs.
This document outlines various sections related to regulations for banks in the Philippines. It discusses sections on certificate of authority to register a business, requirements for foreign bank entry and operations, capital requirements, and guidelines for merger and consolidation of banks to meet minimum capital requirements. Sections include modes of foreign bank entry, qualification and selection guidelines, capital ratios, risk-based capital, guarantees and operations authority. It also reserves sections for future rules on merger incentives and consolidation programs.
SECTION X105 Liberalized Entry and Scope of Operations of Foreign Banks
X105.1 Modes of entry of foreign banks X105.2 Qualification requirements X105.3 Guidelines for selection X105.4 Capital requirements of foreign banks X105.5 Prescribed ratio of "Net Due to" account (Deleted by Circular No. 858 dated 21 November 2014 ) X105.6 Risk-based capital for foreign bank branch X105.7 Head office guarantee X105.8 Scope of authority for locally incorporated subsidiaries of foreign banks as well as branches with full banking authority X105.9 Control of the resources of the banking system X105.10 Change from one mode of entry to another X105.11 Listing of shares with the Philippine Stock Exchange (Deleted by Circular No. 858 dated 21 November 2014) X105.12 Equal treatment
SECTIONS X106 - X107 (Reserved)
C. MERGER AND CONSOLIDATION
SECTION X108 Merger or Consolidation to Meet Minimum Capital
X108.1 Requirement of Bangko Sentral approval X108.2 Rules on exchange of shares X108.3 Merger or consolidation incentives 1108.3 (Reserved) 2108.3 (Reserved) 3108.3 Regulatory relief under the strengthening program for RBs (SPRB) X108.4 SPRB Plus and Strengthening Program for Cooperative Banks (SPCB) Plus
SECTIONS X109 Consolidation Program for Rural Banks (CPRB)