RegAlertRule · BSP · 8 Jul 2024
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
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
More like this from BSP
BSP published 5 documents in the last 30 days. We email you each new one the day it's published.
Source: Bangko Sentral ng Pilipinas — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
In RegAlert: added · updated