QuestionsQuestions (BSP MEMORANDUM)
It re-issues guidelines previously approved by the Monetary Board (Resolution No. 1059 dated 16 November 1992) to implement Section 4404(1)(5)(a) of the trust rules, specifically for investment houses not authorized to engage in quasi-banking functions that are applying for trust/investment management authority.
Subsection 4404(1)(5)(a) of the trust rules.
Investment houses that are not authorized to engage in quasi-banking functions, but that are applying for trust/investment management authority.
Monetary Board Resolution No. 1059 dated 16 November 1992.
To determine compliance with specific regulatory requirements, particularly the capital-to-risk assets ratio and ceilings on loans of directors, officers, stockholders, and related interests.
1) Capital-to-risk assets ratio; and 2) ceilings on loans to directors, officers, stockholders, and related interests.
Non-bank financial intermediaries performing quasi-banking functions.
It substitutes the reserve and liquidity floor requirements with a cash ratio.
The reserve and liquidity floor requirements that were previously used; now compliance is measured using a cash ratio.
a) Primary Reserves to Bills Payable; and b) Primary and Secondary Reserves to Bills Payable.
Cash on hand; cash in vault; checks and other cash items; due from the Bangko Sentral; due from banks; and due from head office/branches/agencies outside the Philippines.
Bangko Sentral-ported government securities, treasury bills, and other government securities.
Examples include cash on hand, cash in vault, checks and other cash items, due from the Bangko Sentral, due from banks, and due from head office/branches/agencies outside the Philippines.
Bangko Sentral-ported government securities, treasury bills, and other government securities.
It indicates the date the Memorandum was formally adopted.
Alberto V. Reyes, Deputy Governor.