Amendment to Circular No. 280 dated 29 March 2001
CIRCULAR NO. 310 Series of 2001
Pursuant to Monetary Board Resolution No. 1823 dated 15 November 2001, Circular No. 280 dated 29 March 2001 on the guidelines on the adoption of the risk-based capital adequacy framework is hereby amended to include among the on-balance sheet assets which are assigned fifty percent (50%) risk weight the following:
“(2) Local government unit (LGU) bonds which are covered by Deed of Assignment of Internal Revenue Allotment of the LGU and guaranteed by the LGU Guarantee Corporation.”
This Circular shall take effect immediately.
FOR THE MONETARY BOARD:
RAFAEL B. BUENAVENTURA Governor
More in BSP Circulars
- Amendment of Resolution No. 593 dated June 13, 1996 so as to allow rural banks or cooperative banks to just add the identifying phrase "A rural Bank" or "A cooperative bank"(BSP Circular No. 121)
- Amendments to Section X101 of the Manual of Regulations for Banks(BSP Circular No. 865)
- Amendment of the Manual of Regulations for Banks(BSP Circular No. 230)
- Moratorium on the lssuance of Long-Term Negotiable Certificates of Time Deposit(BSP Circular No. 1059)
- Rules and regulations governing the acceptance by a bank, either directly or indirectly through its subsidiary, of its own shares of stocks(BSP Circular No. 432)
- Amendments to the Guidelines Governing Equity Investments(BSP Circular No. 671)
- Rules and regulations for operation of FCDU of thrift banks(BSP Circular No. 322)
- Amendments to the Manual of Regulations for Banks and Other Financial Intermediaries(BSP Circular No. 67)
Want an analysis of this document?
Ask ASG Legal AI to summarize it, compare it with other rulings, or explain how it applies to your situation — it researches from this same library.