MEMORANDUM NO. M-2006-015
To : ALL UNIVERSAL AND COMMERCIAL BANKS AND THEIR SUBSIDIARY BANKS AND QUASI-BANKS
Subject: Trial Reports for the Revised Risk-Based Capital Adequacy Framework
The Monetary Board, in its Resolution No. 697 dated 2 June 2006, approved the Guidelines on the Revised Risk-Based Capital Adequacy Framework for the Philippine Banking System.
In this connection, trial reports using the revised Guidelines shall be submitted for the fourth quarter of 2006 up to the second quarter of 2007. Banks are instructed to create implementation teams who shall be responsible for the conduct of these trial runs in coordination with BSP. The list of members of the implementation teams, which shall be headed by the Chief Risk Officer of the parent bank or equivalent officer, shall be submitted to the BSP’s Office of Supervisory Policy Development no later than 15 September 2006.
Reporting templates will be distributed to banks in due time. Moreover, a team from BSP’s Supervision and Examination Sector will brief all banks on the Guidelines before the trial period commences.
For strict compliance.
NESTOR A. ESPENILLA, JR.
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