Regulatory Alerts2025-04-15
Updated Manual of Regulations for Banks and Non-Bank Financial Institutions as of 31 December 2022
The Bangko Sentral ng Pilipinas issued Memorandum No. M-2025-014 to release the updated Manual of Regulations for Banks and Manual of Regulations for Non-Bank Financial Institutions as of 31 December 2022. The document implements specific amendments including adjusting the effective reserve week, aligning IT risk management guidelines for pawnshops, and reclassifying a standard business loan application form report. It also incorporates updated footnotes referencing key 2022 issuances regarding financial audit deadlines, Virtual Asset Service Provider license applications, and extensions of prudential relief measures.
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