Advisory on Coordination with BSP Account Officer/s

OFFICE OF THE DEPUTY GOVERNOR FINANCIAL SUPERVISION SECTOR CIRCULAR LETTER NO. CL-2022- 006 To : ALL BSP-SUPERVISED FINANCIAL INSTITUTIONS Subject : Advisory on Coordination with BSP Account Officer/s With the objective of effectively discharging the Financial Supervision Sector’s (FSS) mandate, BSP-supervised financial institutions (BSFI) are assigned with dedicated account officer/s within the FSS. Accordingly, BSFIs including their personnel are expected to directly coordinate with their respective account officer/s to address their concerns appropriately and expeditiously. However, it was noted that several queries on banking operations and/or regulations are transmitted to the BSP other than through BSFI’s designated account officer/s. In this regard, BSFIs are reminded to directly engage their respective account officer/s within FSS to ensure that concerns are promptly addressed. For guidance and consistent implementation. Digitally signed by Chuchi G. Fonacier Date: 2022.01.17 10:06:12 +08'00' CHUCHI G. FONACIER Deputy Governor 17 January 2022