Regulatory Alerts2024-01-23
M-2024-005: Guidelines on the Submission of Reserve-Related Reports
The Bangko Sentral ng Pilipinas issued these guidelines to streamline reserve-related report submissions by banks, mandating a transition to API-based XML submissions via the BSP Relationship Management System. Banks must conduct a parallel run of the new and existing report formats for weeks ending January 11 to February 22, 2024, before fully implementing the live API submission starting the week ending February 29, 2024. During the transition period, institutions must continue using the Financial Institution Portal for official submissions while separately reporting Sustainable Bonds data via email to ensure compliance with updated reporting standards.
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