Regulatory Alerts2024-07-08
CL-2024-035: Cessation of Operations of Credit Suisse AG Representative Office, Philippines
The Bangko Sentral ng Pilipinas issued this circular to inform all banks and BSP-supervised non-bank financial institutions of the cessation of operations of the Credit Suisse AG Representative Office in the Philippines. The Monetary Board noted this development in Resolution No. 709 dated 20 June 2024. The directive serves as official guidance for regulated entities regarding this specific institutional change.
Page Classification: GENERAL
OFFICE OF THE DEPUTY GOVERNOR FINANCIAL SUPERVISION SECTOR CIRCULAR LETTER NO. CL-2024-_____ To : All Banks and BSP-Supervised Non-Bank Financial Institutions Subject : Cessation of Operations of Credit Suisse AG Representative Office, Philippines The Monetary Board, in its Resolution No. 709 dated 20 June 2024, noted the cessation of operations of Credit Suisse AG Representative Office, Philippines. For information and guidance.
CHUCHI G. FONACIER Deputy Governor 08 July 2024