Regulatory Alerts2024-09-20
Updated Guidelines on the Submission of the Enhanced Comprehensive Credit and Equity Exposures Report (COCREE) of 2023
The Bangko Sentral ng Pilipinas issued updated guidelines requiring all banks and quasi-banking institutions to submit the Enhanced Comprehensive Credit and Equity Exposures Report (COCREE) 2.0 using the new CRP 2.0 package. Submissions must be filed via the BSP Relationship Management System with a signed Control Prooflist, while the previous COCREE 1.0 reporting is discontinued upon live implementation. The directive establishes a pilot testing phase followed by strict penalty enforcement after a three-month grace period, with specific live implementation schedules varying by institution type.
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