Manual of Regulations for Banks

December 31, 2002MANUAL OF REGULATIONS FOR BANKSTABLE OF CONTENTSPART ONEOrganization, Management and AdministrationA. Classification and Powers of BanksSECTION X101 Definition, Classification, Powers and Scope of Authorities of BanksX101.1 Expansion of banking authoritiesX101.2 Prerequisites for the grant of a universal banking authority X101.3 - X101.5 (Reserved)X101.6 Conditions for the grant of authority to convert into a lower category.SECTION X102 Basic Guidelines in Establishing BanksX102.1 Suspension of the grant of new banking licenses on the establishment of new banksX102.2 Partial lifting of general moratorium on the licensing of new thrift banks and rural banksSECTION X103 Certificate of Authority to RegisterSECTIONS X104 - X105 (Reserved)B. CapitalizationSECTION X106 Bank CapitalX106.1 Minimum capitalizationX106.2 Capital build-up programX106.3 Memorandum of Understanding; Prompt Corrective Action Program; sanctionsSECTIONS X107 - X110 (Reserved)C. Merger or Consolidation of BanksSECTION X111 Merger or Consolidation to Meet Minimum CapitalX111.1 Requirement of Bangko Sentral approvalX111.2 Rules on exchange of sharesSECTION X112 Merger or Consolidation IncentivesSECTIONS X113 - X115 (Reserved)D. Risk-Based Capitol RatioSECTION X116 Minimum RatioX116.1 Qualifying capitalX116.2 Risk-weighted assetsX116.3 DefinitionsX116.4 Required reportsX116.5 Market risk capital requirementX116.6 SanctionsX116.7 Temporary reliefSECTIONS...