Guidelines on Monetary Penalties for BSP-Supervised Institutions

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CIRCULAR NO. 988: Guidelines on Monetary Penalties for BSP-Supervised Institutions

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Title Supreme Court: Guidelines on Monetary Penalties for BSP-Supervised Institutions

Law: Circular No. 988

Decision Date: Jan 12, 2018

Revised guidelines establish a framework for imposing monetary penalties on Bangko Sentral ng Pilipinas-supervised financial institutions and their directors or officers for violations of the New Central Bank Act, ensuring accountability and deterrence through structured penalties based on asset size and severity of offenses.

monetary penalties

administrative law

central bank

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