December 3, 2019
BSP CIRCULAR NO. 1064-19
SUBJECT | : | Report on Intraday Liquidity of Universal and Commercial Banks (UBs/KBs) and Their Subsidiary Banks/Quasi-Banks (QBs) |
The Monetary Board, in its Resolution No. 1818 dated 21 November 2019, approved the amendments to the Manual of Regulations for Banks (MORB) and the Manual of Regulations for Non-Bank Financial Institutions (MORNBFI) to implement and adopt the report on intraday liquidity for UBs/KBs and their subsidiary thrift banks/QBs. The report is aimed at appropriately monitoring the intraday liquidity position of Bangko Sentral-supervised financial institutions (BSFIs), their sources of intraday liquidity, and their ability to meet payment and settlement obligations on a timely basis under both normal and stressed conditions. The reporting requirements are also intended to facilitate the sound management of intraday liquidity risk as well as provide sufficient understanding and allocation of resources to effectively manage the same.
SECTION 1. The following provisions on the Report on Intraday Liquidity shall be added under Section 145/4176Q of the MORB/MORNBFI and shall precede the provisions on Supervisory Enforcement Actions.
Report on Intraday Liquidity. In accordance...