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Circular No. 473 - To Recognize Internationally Accepted CRAs |
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Series of 2005 The Monetary Board, in its Resolution No. 76 dated 20 January 2005, decided to recognize, for bank supervisory purposes, internationally accepted credit rating agencies (CRAs) that will undertake local and national ratings: Provided, that said CRAs have at least a representative office in the Philippines. Accordingly, credit ratings assigned by said CRAs may be used, among others, as basis for determining appropriate risk weights in ascertaining compliance with existing rules and regulations on risk-based capital requirements. This Circular takes effect fifteen (15) days following its publication in the Official Gazette or any newspaper of general circulation. FOR THE MONETARY BOARD: RAFAEL B. BUENAVENTURA Governor 01 February 2005 |
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Circular Letters/Memoranda |
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Speeches/ Presentations |
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Photo Gallery |
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The 2008 RBAP Charter Symposium |
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2008 CFI Awards |
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Rural Banking Week Celebration Golf Tournament |
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Client Satisfaction Survey for Licensing Management System of the Supervision and Examination Sector |
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Financial Reporting Package 2008 |
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BSP releases regulations on liquidity, market risk weighting |
