BSP Circulars BSP Circular No. 122BSP Circular No. 122 1997-01-07T00:00:00.000+08:00
Deletion of Section 2148 of the Manual of Regulations for Banks and Other Financial Intermediaries, Book II
CIRCULAR NO. 122 Series of 1997
The Monetary Board, in its Resolution No. 1163 dated 5 November 1996, approved the deletion of Section 2148 of the Manual of Regulations for Banks and Other Financial Intermediaries, Book II. Henceforth, the bonding of accountable officers and employees should form part of the internal control procedure for all thrift banks.
This circular shall take effect immediately.
For the Monetary Board:
GABRIEL C. SINGSON Governor
More in BSP Circulars
- Additional disclosures required from banks and NBQBs(BSP Circular No. 212)
- Guidelines on the Computation of the Loans-to-Deposits Ratio and Proposed Amendments to the Branch Reportorial Requirements(BSP Circular No. 613)
- Amendments to the Regulations on Past Due and Non-Performing Loans(BSP Circular No. 941)
- Amendments to the Regulations Governing the Personal Equity and Retirement Account (PERA)(BSP Circular No. 1081)
- Amendments to the provisions of the MOR for Banks re guidelines on the adoption of the risk-based capital adequacy framework(BSP Circular No. 416)
- Amendments to the Guidelines on Outsourcing(BSP Circular No. 899)
- Guidelines on Liquidity Risk Management(BSP Circular No. 545)
- Amendments to the Manual of Regulations for Banks of 30 September 2016(BSP Circular No. 948)
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