+ Follow DEPUTY GOVERNOR ALBERTO V Tag
DEPUTY GOVERNOR ALBERTO V
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[results] => Array
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[0] => Array
(
[ArticleID] => 274512
[Title] => Bankers welcome BSP rule
[Summary] => Bankers in general has welcomed the recent pronouncement by the Bangko Sentral ng Pilipinas (BSP) to tighten the fit and proper rule governing management qualifications of top officers and directors of banks and financial institutions.
International Exchange Bank (iBank) executive vice president Antonio Moncupa said the BSP move was "a pre-emptive step to protect not only the system but the entire economy."
[DatePublished] => 2005-04-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[1] => Array
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[ArticleID] => 274093
[Title] => BSP names new deputy governor
[Summary] => The Monetary Board (MB) has formally appointed a new Deputy Governor for the Bangko Sentral ng Pilipinas’ (BSP) bank supervision and examination department, replacing Deputy Governor Alberto V. Reyes who will retire on April 19, 2005.
Appointed to head the BSP’s Supervision and Examination Sector (SES) was Assistant Governor Nestor Espenilla Jr, the youngest to ever become a Deputy Governor of the BSP.
[DatePublished] => 2005-04-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
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[ArticleID] => 274119
[Title] => RCBC not affected by Pacific Plans’ problems — BSP
[Summary] => Despite having the same stockholders, bank regulators said yesterday the Rizal Commercial Banking Corp. (RCBC), the Yuchengco group’s flagship company, is not affected by the problems besetting Pacific Plans Inc. (PPI).
The Bangko Sentral ng Pilipinas (BSP) said that PPI’s problems have not affected RCBC, one of the biggest commercial banks in the country.
[DatePublished] => 2005-04-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
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[ArticleID] => 273443
[Title] => BSP to tighten rules on selection of bank officers
[Summary] => The Bangko Sentral ng Pilipinas (BSP) is going to further tighten its fit-and-proper rule for bank executives and officers to ensure that bank management would be the effective first line of defense against unfit and unsound bank practices.
The BSP said over the weekend that its fit-and-proper rules are now under review with the objective of aligning them with international best practice.
[DatePublished] => 2005-04-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
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[ArticleID] => 272895
[Title] => Cut in reserves for deposit substitutes not yet in effect
[Summary] => The Bangko Sentral ng Pilipinas (BSP) told banks yesterday that they are still not allowed to reduce their reserves to two percent for deposit substitutes despite the opening up of the fixed income exchange.
The BSP issued a circular letter telling banks that they are not allowed to reduce the statutory reserves for deposit substitutes to two percent until the Bureau of Treasury (BTr) is ready to open its registry of scripless securities (ROSS) to third party custodians.
[DatePublished] => 2005-04-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
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[ArticleID] => 272601
[Title] => MB okays P3-B ADB bond issue to finance NHMFC’s bad loans
[Summary] => The Monetary Board (MB) has approved the proposed peso-denominated bond issue of the Asian Development Bank (ADB) intended to raise up to P3 billion to finance the acquisition of the bad loans of the National Home Mortgage Finance Corp. (NHMFC).
The MB approved the issue last week where the ADB would issue five-year, zero coupon bonds in the local market – the first of such bonds to be issued by a multilateral agency.
[DatePublished] => 2005-04-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
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[ArticleID] => 272645
[Title] => BSP notes unusual increase in living trust accounts of banks
[Summary] => Following the phase-out of common trust funds, banks have been shifting en masse to other lightly-regulated trust accounts, prompting the Bangko Sentral ng Pilipinas (BSP) to warn that it would soon crack down on these instruments as well.
The BSP reported over the weekend that there had been an "unusual increase in the living trust accounts of banks" shortly before and right after the effectivity of the rule that required banks to convert to unit investment trust funds (UITFs).
[DatePublished] => 2005-04-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
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[ArticleID] => 271875
[Title] => BSP expects banks to clean up their holdings of government securities
[Summary] => About P200 billion worth of undocumented trading of government securities and debt papers are expected to surface as banks start to clean up their portfolio following the clamp-down of the Bangko Sentral ng Pilipinas (BSP).
The BSP said yesterday that it expects banks to start cleaning up their holdings of government securities and other debt papers to ensure their compliance with new regulations as well as the demands of the market.
[DatePublished] => 2005-03-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
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[ArticleID] => 271719
[Title] => BSP reviews fines on erring banks
[Summary] => The Bangko Sentral ng Pilipinas (BSP) is rationalizing its penalty structure for banks found in violation of its rules and regulation in preparation for the passage of the amendments in the General Banking Law (GBL).
The BSP said it has started to categorize major and minor violations as well as classify single, multiple and repeat offenses that would determine the severity of the sanctions and penalties on banks and bank officials.
[DatePublished] => 2005-03-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 268392
[Title] => BSP approves cash remittance service of Smart and Globe
[Summary] => The Bangko Sentral ng Pilipinas (BSP) has approved the cash remittance service of Globe Telecoms and Smart Telecoms but the Monetary Board set a daily transaction limit of P50,000 per customer.
The BSP approved the innovation launched by the country’s two biggest telecommunication firms that would utilize the combined network of their telecom centers and the branches of their partner banks.
The Ayala-owned Globe has linked up with the Ayala-owned bank, Bank of the Philippine Islands while Smart has linked with the Sy-owned Banco de Oro.
[DatePublished] => 2005-02-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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