HOME  ABOUT THE BANK  MONETARY POLICY  BANKING SUPERVISION  PAYMENTS & SETTLEMENTS  STATISTICS  FEEDBACK CORNER
   BSP NOTES & COINS  MONETARY OPERATIONS  LOANS-CREDIT & ASSET MGT  PUBLICATIONS & RESEARCH  REGULATIONS  PROCUREMENT

Feedback Corner

Regulations

Regulations

Date Issued: 08.04.2006

CIRCULAR NO. 538
Series of 2006

Subject: Revised Risk-Based Capital Adequacy Framework

The Monetary Board in its Resolution No. 697 dated 2 June 2006 approved the attached guidelines implementing the revised risk-based capital adequacy framework for the Philippine banking system to conform to Basel II recommendations.

The guidelines apply to all universal banks and commercial banks, as well as their subsidiary banks and quasi-banks.  Thrift banks, rural banks, as well as quasi-banks that are not subsidiaries of universal banks and commercial banks shall continue to be subject to the existing applicable risk-based capital adequacy framework, as contained in Circular No. 280 dated 29 March 2001, as amended, and Circular No. 400 dated 1 September 2003.

The appropriate supervisory reporting template to implement the revised framework shall be issued at a later date.  Such reports shall be submitted quarterly, and shall be classified under Category A-1 Reports.    
 

This Circular shall take effect on 1 July 2007.

FOR THE MONETARY BOARD:


AMANDO M. TETANGCO, JR.
       Governor

Download Signed Document

RSS Subscribe for updates

For pdf copies of signed issuances not yet posted in this website, kindly e-mail the Administrative Services Department at external_issuances@bsp.gov.ph. To facilitate retrieval of requested issuance, please indicate type and number, date, and subject.

For queries on the contents of issuances, please e-mail bspmail@bsp.gov.ph.