Regulatory Alerts2024-04-26
Guidelines on the Submission of the Report on Large Exposures (LEX)
The Bangko Sentral ng Pilipinas issued Memorandum No. M-2024-013 to mandate that all universal, commercial, subsidiary, and quasi-banks submit their Large Exposures reports via the Integral Financial Supervision System. The directive requires institutions to file XML reports and signed Control Prooflists every semester within 15 banking days after the reference period, with the first deadline set for 31 May 2024. Covered banks must utilize API-based machine-to-machine submission, while subsidiary quasi-banks may use either their own converters or the BSP facility until further notice.
Share