BSP Circular 858 on Foreign Bank Entry Rules

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BSP CIRCULAR NO. 858: BSP Circular 858 on Foreign Bank Entry Rules

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Title Supreme Court: BSP Circular 858 on Foreign Bank Entry Rules

Law: Bsp Circular No. 858

Decision Date: Nov 21, 2014

BSP Circular No. 858 amends regulations to facilitate the full entry of foreign banks into the Philippine banking system, allowing them to acquire domestic banks, establish branches, and ensuring compliance with capital requirements while maintaining a majority control of the banking resources by domestic banks.

foreign banks

banking regulations

administrative law

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