Manual of Regulations for Non-Bank Financial Institutions

2004MANUAL OF REGULATIONS FOR NON-BANK FINANCIAL INSTITUTIONSFOREWORDSoon after the establishment of the new Bangko Sentral ng Pilipinas (BSP), the Monetary Board recognized the need to revise and regularly update the Manual of Regulations for Banks and Other Financial Intermediaries to enable the industry to better keep pace with the anticipated rapid regulatory changes that are unavoidable in a dynamic economic environment. A revised Manual would also be able to appropriately take into account the strengthened supervisory and regulatory arrangements set out in the BSP's new charter. This Manual of Regulations for Non-Bank Financial Institutions is one of the products of that effort. It benefits from the inputs of many concerned departments of the BSP as well as the various industry associations of non-bank financial institutions. We are hopeful that this new Manual and its subsequent updates will be able to more effectively disseminate the regulatory issuances of the BSP on a timely basis and provide appropriate guidance to non-bank financial institutions. 2006cdaWe also believe that it will be a especially useful tool at this time...