BANKING SUPERVISION

REGULATIONS
DIRECTORIES
PUBLICATIONS
ADVISORIES
GLOSSARY OF TERMS
BANKING SUPERVISION
• The Bangko Sentral has supervision over the operations
of banks and exercises such regulatory powers as
provided in the New Central Bank Act and other pertinent
laws over the operations of finance companies and non-
bank financial institutions performing quasi-banking
functions.
REGULATIONS
BANKING LAWS
• BSP ISSUANCES
- Circulars. Contians BSP circulars issued during the period.
- Circular Letters. Contains non-regulatory issuances of the
BSP addressed to perticular entities or categories of institution.
- Memoranda. Contains guidelines or procedural requirements,
clarifications, explanations, and interpretations of provisions of
laws or of BSP circulars.
- Manual of Regulations.
- List of Published Issuances. Contains list of issuances
published in the Official Gazette or in newspapers of general
circulation.
GUIDELINES on THE ESTABLISHMENT of BANKS
• The BSP, as part of its chartering process, puts emphasis
on the suitability of shareholders, adequacy of financial
strength and sufficient expertise and integrity of
management, among others, in ensuring that the
proposed bank will be operated in a secure and prudent
manner.
FOREIGN EXCHANGE REGULATIONS
• In line with the thrust of the Bangko Sentral ng Pilipinas (BSP)
to promote a policy environment that is market-oriented and
supportive of the Philippine economy’s sustained expansion,
the BSP, through the International Operations Department
(IOD), ensures that the country’s foreign exchange (FX)
regulatory framework remains appropriate for the needs of a
dynamic and expanding economy.
• The BSP has undertaken various liberalization measures to
ease FX rules to facilitate the FX transactions by banks,
public and private corporates/entities, small and medium
enterprises, overseas Filipinos, and the public in general.
• The liberalization is being undertaken in a well-calibrated
manner, giving due consideration to prevailing domestic
and international economic and financial conditions, while
ensuring that timely prudential mechanisms (e.g.,
documentary/reportorial requirements) and safeguard
measures remain in place to allow the BSP to:
a. adopt necessary measures to address any perceived emerging
concern/problem; and
b. maintain its ability to capture timely, reliable and comprehensive
data for its various needs, such as policy review and formulation,
analysis of trends and developments (e.g., volatility in capital
flows), statistics and report generation.