Regulatory Alerts2025-10-23
Circular No. 1221: Amendments to the Regulatory Relief Policy
The Bangko Sentral ng Pilipinas issued Circular No. 1221 to amend guidelines granting regulatory relief measures to banks affected by calamities. The policy introduces additional support mechanisms including temporary grace periods for loan payments, deferment of agricultural loans, and waivers for documentary requirements and supervisory report penalties. Banks must notify the central bank of their intent to avail of these measures and submit supplemental reports detailing the impact on past due and non-performing loan computations.
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