Regulations - Guidelines and Other Regulations

Risk-Based Capital Adequacy Framework in the Philippines

Other Amendments to the Framework

Computation of Qualifying Capital

Circular No. 858	11.21.2014	Amendments to Relevant Provisions of the Manual of Regulations for Banks Implementing Republic Act No. 10641
Circular No. 822	12.13.2013	Amendment to the Capital Framework of Foreign Bank Branches
Circular No. 762	07.25.2012	Amendments to Regulations on Deposit for Stock Subscription of Banks/Quasi-Banks
Circular No. 560	01.31.2007	Ceilings on loans, other credit accommodations and guarantees granted to subsidiaries and affiliates.
Circular No. 465	01.04.2005	Revised Risk-Based Capital Adequacy Framework For Universal and Commercial Banks and their Subsidiary Banks and Quasi-banks
Circular No. 399	09.01.2003	Amendments to the Manual of Regulations for Banks Subsections X116.1.c and X116.2.a
	05.18.2001	Unsecured DOSRI as a Deduction from Capital

Regulatory Capital Instruments

Circular No. 826	02.14.2014	Amendment on Risk Disclosure Requirements on Loss Absorbency Features of Capital Instruments
Circular No. 786	02.15.2013	Risk Disclosure Requirements on Loss Absorbency Features of Capital Instruments
Circular No. 768	09.21.2012	Amendments to the Risk-Based Capital Adequacy Framework for Banks/Quasi-Banks on the Definition of Qualifying Capital Instruments
Circular No. 595	01.11.2008	Interim Tier 1 Capital for Banks Under Rehabilitation
Circular No. 528	05.03.2006	Inclusion as Part of Upper Tier 2 Capital of the Hybrid Tier 1 Capital Instruments in Excess of the 15% of Tier 1 Capital Limit
	03.23.2006	Amendments to the Guidelines for the Issuance of Unsecured Subordinated Debt Eligible as Tier 2 Capital so as to Include Hybrid Tier 1 Capital
Circular No. 503	12.22.2005	Amendment of Risk-Based Capital Adequacy Framework to Allow Qualification of Hybrid Tier 1 Instruments
	08.05.2004	Unsecured Subordinated Debt (USD)
Circular No. 397	08.19.2003	Amendments to the Manual of Regulations re issuance by banks of redeemable preferred shares
	07.23.2003	Public issuance of Unsecured Subordinated Debt
	06.18.2003	Issuance of unsecured subordinated debt (USD) eligible as Tier 2 capital
	05.20.2003	Issuance overseas of unsecured subordinated debt
	02.17.2003	Guidelines for the issuance of unsecured subordinated debt (USD) eligible as Tier 2 (supplementary) capital under items b.b.1(8) and b.b.2(1), subsection X116.1 of the Manual of Regulations for Banks
Circular No. 361	12.09.2002	Amendments to the provisions of the Manual of Regulations for Banks - Subsection X116
Circular No. 361	01.16.2002	Issuance of subordinated debt instrument and asset transfer plan

Credit Risk Weighting of Bank Exposures

Circular No. 827	02.28.2014	Amendments to the Risk-Based Capital Adequacy Framework for Stand-alone Thrift Banks, Rural Banks, and Cooperative Banks
Circular No. 770	09.28.2012	Amendments to the Risk-Based Capital Adequacy Framework for Stand-alone Thrift Banks, Rural Banks, and Cooperative Banks
Circular No. 750	03.01.2012	Risk weighting of bank loans to the extent guaranteed by the Agricultural Guarantee Fund Pool (AGFP)
Circular No. 717	03.25.2011	Risk weight of credit exposures guaranteed by the LGU Guarantee Corporation (LGUGC); and Treatment of guarantees under the risk-based capital adequacy framework of stand-alone thrift banks, rural banks and cooperative banks
Circular No. 713	02.14.2011	Risk weighting of bank loans to the extent guaranteed by the Agricultural Guarantee Fund Pool (AGFP)
M-2008-015	03.19.2008	Housing Microfinance Product
	04.14.2005	Implementation of Circular No. 475 dated 14 February 2005
Circular No. 475	02.14.2005	Guidelines on the adoption of the risk-based capital adequacy framework and guidelines to incorporate market risk in the risk-based capital adequacy framework
Circular No. 416	01.21.2004	Amendments to the provisions of the MOR for Banks re guidelines on the adoption of the risk-based capital adequacy framework
Circular No. 394	08.06.2003	Amendment of Circular No. 280
Circular No. 364	01.09.2003	Amendments to the Manual of Regulations for Banks re risk weight applicable to small and medium enterprises and microfinance loan portfolios that meet prudential standards
Circular No. 310	12.10.2001	Amendment to Circular No. 280 dated 29 March 2001

Recognition of External Credit Assessment Institutions (ECAIs)

	02.28.2005	Recognition of the national or domestic credit ratings undertaken by Fitch Singapore Pte Ltd. for bank supervisory purposes
Circular No. 473	02.01.2005	To recognize, for bank supervisory purposes, internationally accepted credit rating agencies (CRAs)
	01.20.2004	Recognition of PhilRatings as domestic rating agency for bank supervisory purposes
Circular No. 404	09.19.2003	Rules and regulations governing the recognition and de-recognition of domestic credit rating agencies for bank supervisory purposes

Internal Credit Risk Rating

	08.12.2005	Clarifications on the implementation of Circular No. 439 dated 5 July 2004
	04.15.2005	Standard definitions of default and loss
Circular No. 439	07.05.2004	Rules and regulations that shall govern the development and implementation of banks' internal credit risk rating system

Market Risk

Circular No. 740	11.16.2011	Amendment of Appendix 46 (Guidelines to Incorporate Market Risk in the Risk-Based Capital Adequacy Framework) of the Manual of Regulations for Banks (MORB)
Circular No. 506	12.23.2005	Amendments to Circular Nos. 360 and 466 on the Capital/ Accounting Treatment of Certain Financial Instruments
Circular No. 445	08.20.2004	To approve the guidelines for the recognition of positions arising from banks' foreign currency (FX) options in the computation of the net open foreign exchange position
	01.26.2004	Procedures to be observed by universal banks and commercial banks applying for BSP recognition of their own internal models for calculating market risk capital charge under Circular No. 360 dated 3 December 2002, as amended.
Circular No. 403	09.19.2003	Amendments to the Manual of Regulations for Banks on the guidelines on the adoption of and to incorporate market risk in the risk-based capital adequacy framework
Circular No. 360	12.03.2002	Guidelines to incorporate market risk in the risk-based capital adequacy framework for universal banks and commercial banks

Operational Risk

M-2007-019

06.21.2007

Guidelines on the Use of the Standardized Approach in Computing the Capital Charge for Operational Risks

Capital Treatment of Certain Financial Products

M-2011-020	03.30.2011	Revised Regulatory Treatment of Investments of Banks in RP Global Peso Notes
M-2010-038	10.26.2010	Regulatory Treatment of Peso Denominated Debt Securities Issued by Philippine Entities That are Settled in Foreign Currency
M-2010-028	09.08.2010	Regulatory Treatment of Investments of Banks in RP Global Peso Notes
Circular No. 605	03.05.2008	Treatment of Transactions Involving ROP Warrants as among the GenerallyAuthorized Derivative Activities and Exemption of Paired ROP Warrants from Capital Charge for Market Risk
Circular No. 588	12.11.2007	Capital treatment of ROP Global Bonds paired with Warrants
	05.11.2005	Procedures to be Observed in Investing in Credit-Linked Notes, Structured Products and Securities Overlying Securitization Structures
Circular No. 469	01.13.2005	Rules and regulations that shall govern the capital treatment of banks’ exposuresto structured products
Circular No. 468	01.12.2005	Rules and regulations that shall govern banks’ investments in securities overlying securitization structures (superseded by Circular No. 538)
Circular No. 466	01.05.2005	To approve guidelines allowing universal and commercial banks without expanded derivatives authority to invest in certain specified structured products without need of prior Monetary Board approval
Cirular No. 417	01.28.2004	Guidelines for the capital treatment of banks' investments in credit-linked notes (CLNs) and similar credit derivative products such as credit-lined deposits (CLDs) and credit-linked loans (CLLs) (superseded by Circular No. 538)
	12.02.2003	Market risk capital treatment for dollar-linked peso notes

Internal Capital Adequacy Assessment Process (ICAAP) and Supervisory Review Process (SRP)

Circular No. 731	07.28.2011	Internal Capital Adequacy Assessment Process (ICAAP) and Supervisory Review Process (SRP) for Foreign Bank Branches
Circular No. 677	12.29.2009	Extension of the Effectivity of Circular No. 639 dated 15 January 2009 on the Guidelines of Internal Capital Adequacy Assessment Process (ICAAP) and Supervisory Review Process (SRP)
Circular No. 639	01.15.2009	InternalCapital Adequacy Assessment Process (ICAAP) and Supervisory Review Process (SRP)

Basel II Implementation Plans

M-2006-022	11.24.2006	Basel II Implementation Plans
	04.19.2005	Invitation to comment on the exposure draft of Basel 2 Implementing Guidelines for the Philippines
	12.13.2004	BSP's implementation plans for the new international capital standards as contained in the Basel Committee on Banking Supervision (BCBS) document International Convergence of Capital Measurement and Capital Standards: A Revised Framework

Others

M-2013-008	03.05.2013	Frequently Asked Questions on the Basel III Implementing Guidelines
M-2007-041	12.07.2007	Frequently Asked Questions (FAQs) on the Revised Risk-Based Capital Adequacy Framework
M-2006-011	07.21.2006	Resubmission of CAR Reports as of 31 December 2005
	09.25.2001	Frequencies and deadlines of submission of the Computation of the Risk-Based Capital Adequacy Ratio Covering Credit Risk

​​​​​​​​​​​​​​​​​​​Risk-Based Capital Adequacy Framework in the Philippines​​

Other Amendments to the Framework

Risk-Based Capital Adequacy Framework in the Philippines