Regulatory Alerts2025-12-03
Circular No. 1225: Guidelines on the Independent Review Mechanism for Resolution of Issues Arising from Bank Examinations
The Bangko Sentral ng Pilipinas issued Circular No. 1225 to establish an Independent Review Committee that evaluates significant supervisory issues arising from bank examinations. The mechanism allows banks to request a review of findings related to unsafe banking practices or major violations within ten banking days of the post-exit meeting or receipt of serious supervisory concern notices. Eligible institutions must submit a formal request with supporting documents and pay a non-refundable processing fee, while banks under prompt corrective action or conservatorship are explicitly excluded from this process.
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