Financial Sector Assessment Program Update : Philippines - Focused Update of the Basel Core Principles for Effective Banking Supervision
This focused assessment of the current state of the Philippines' compliance with the Basel core principles for effective banking supervision is an update of the detailed assessment completed as part of the International Monetary Fund (IMF)-Wor...
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| Format: | Financial Sector Assessment Program (FSAP) |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2010/04/18019484/philippines-focused-update-basel-core-principles-effective-banking-supervision http://hdl.handle.net/10986/16059 |
| id |
okr-10986-16059 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING ACCOUNTS RECEIVABLES ANTI-MONEY LAUNDERING ASSET RATIO ASSET VALUES ASSETS AUDIT COMMITTEE BALANCE SHEET BANK DEPOSITS BANK FAILURES BANK MANAGEMENT BANK SECRECY BANKING LAW BANKING PRACTICE BANKING REGULATION BANKING SUPERVISION BANKS BASLE CORE PRINCIPLES BOOK VALUE BORROWER BUSINESS PLANS CAPITAL ADEQUACY CAPITAL ADEQUACY GUIDELINES CAPITAL ADEQUACY RATIOS CAPITAL MARKETS CAPITAL RATIO CAPITAL RATIOS CENTRAL BANK CENTRAL BANKING CHECKS CLIENT IDENTIFICATION CONFIDENTIALITY CONSOLIDATED SUPERVISION CORPORATE GOVERNANCE CORPORATE GOVERNANCE OF BANKS CORRECTIVE ACTION CORRECTIVE ACTIONS COUNTRY RISK COUNTRY RISKS COURT RULING CREDIT RISK CREDITORS CUSTOMER INFORMATION DEBT DEBT SECURITIES DEPOSIT DEPOSIT ACCOUNTS DEPOSIT HOLDERS DEPOSIT INSURANCE DEPOSITORS DEPOSITS DISCRETIONARY POWER DISCRETIONARY POWERS DIVIDEND DIVIDENDS DOMESTIC BANKS DUE DILIGENCE EMERGENCY LOAN EXCHANGE COMMISSION EXPOSURE EXPOSURES FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEM FOREIGN BANKS FRAUD GOVERNMENT SECURITIES GRACE PERIODS HOLDING HOLDING COMPANIES INDEBTEDNESS INDEMNIFICATION INDIVIDUAL BANKS INFORMATION SHARING INSURANCE INSURANCE CORPORATION INTERNAL AUDIT INTERNAL CONTROL INTERNAL CONTROLS INTERNATIONAL ACCOUNTING INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL BANK ISSUANCES LAWS LEGAL ACTIONS LEGAL FRAMEWORK LEGAL POWERS LEGAL PROTECTION LEGISLATION LENDING LIMITS LEVERAGE LIABILITY LIQUIDATION LIQUIDITY LIQUIDITY PROBLEMS LIQUIDITY RISKS LITIGATION LOAN LOAN PORTFOLIO MANDATE MARKET RISK MARKET RISKS MINIMUM CAPITAL ADEQUACY RATIO MINIMUM CAPITAL RATIOS MONETARY FUND MONEY LAUNDERING NEGOTIATION NUMBER OF BANKS OPERATIONAL RISK OUTSOURCING OUTSTANDING LOANS OWNERSHIP STRUCTURES PENALTIES PORTFOLIO PRESERVATION OF ASSET PRIVATE SECTOR DEVELOPMENT PRUDENTIAL REGULATION PRUDENTIAL REGULATIONS RECAPITALIZATION RECEIVABLES RECEIVER RECEIVERSHIP REGULATORS REGULATORY FRAMEWORK REGULATORY STANDARDS REPUTATION RESOLUTION MECHANISM RESTORATION RESTORATION PLAN RISK EXPOSURES RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RISK PROFILE SECRECY LAW SECURITIES SETTLEMENTS SHAREHOLDER SHAREHOLDER RIGHTS SHAREHOLDERS SINGLE BORROWER SUBSIDIARIES SUPERVISORY ACTIONS SUPERVISORY FRAMEWORK SUSPENSION OF PAYMENT TRADING TRANSFER RISK TRANSFER RISKS TRANSPARENCY UNSECURED LOANS |
| spellingShingle |
ACCOUNTING ACCOUNTS RECEIVABLES ANTI-MONEY LAUNDERING ASSET RATIO ASSET VALUES ASSETS AUDIT COMMITTEE BALANCE SHEET BANK DEPOSITS BANK FAILURES BANK MANAGEMENT BANK SECRECY BANKING LAW BANKING PRACTICE BANKING REGULATION BANKING SUPERVISION BANKS BASLE CORE PRINCIPLES BOOK VALUE BORROWER BUSINESS PLANS CAPITAL ADEQUACY CAPITAL ADEQUACY GUIDELINES CAPITAL ADEQUACY RATIOS CAPITAL MARKETS CAPITAL RATIO CAPITAL RATIOS CENTRAL BANK CENTRAL BANKING CHECKS CLIENT IDENTIFICATION CONFIDENTIALITY CONSOLIDATED SUPERVISION CORPORATE GOVERNANCE CORPORATE GOVERNANCE OF BANKS CORRECTIVE ACTION CORRECTIVE ACTIONS COUNTRY RISK COUNTRY RISKS COURT RULING CREDIT RISK CREDITORS CUSTOMER INFORMATION DEBT DEBT SECURITIES DEPOSIT DEPOSIT ACCOUNTS DEPOSIT HOLDERS DEPOSIT INSURANCE DEPOSITORS DEPOSITS DISCRETIONARY POWER DISCRETIONARY POWERS DIVIDEND DIVIDENDS DOMESTIC BANKS DUE DILIGENCE EMERGENCY LOAN EXCHANGE COMMISSION EXPOSURE EXPOSURES FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEM FOREIGN BANKS FRAUD GOVERNMENT SECURITIES GRACE PERIODS HOLDING HOLDING COMPANIES INDEBTEDNESS INDEMNIFICATION INDIVIDUAL BANKS INFORMATION SHARING INSURANCE INSURANCE CORPORATION INTERNAL AUDIT INTERNAL CONTROL INTERNAL CONTROLS INTERNATIONAL ACCOUNTING INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL BANK ISSUANCES LAWS LEGAL ACTIONS LEGAL FRAMEWORK LEGAL POWERS LEGAL PROTECTION LEGISLATION LENDING LIMITS LEVERAGE LIABILITY LIQUIDATION LIQUIDITY LIQUIDITY PROBLEMS LIQUIDITY RISKS LITIGATION LOAN LOAN PORTFOLIO MANDATE MARKET RISK MARKET RISKS MINIMUM CAPITAL ADEQUACY RATIO MINIMUM CAPITAL RATIOS MONETARY FUND MONEY LAUNDERING NEGOTIATION NUMBER OF BANKS OPERATIONAL RISK OUTSOURCING OUTSTANDING LOANS OWNERSHIP STRUCTURES PENALTIES PORTFOLIO PRESERVATION OF ASSET PRIVATE SECTOR DEVELOPMENT PRUDENTIAL REGULATION PRUDENTIAL REGULATIONS RECAPITALIZATION RECEIVABLES RECEIVER RECEIVERSHIP REGULATORS REGULATORY FRAMEWORK REGULATORY STANDARDS REPUTATION RESOLUTION MECHANISM RESTORATION RESTORATION PLAN RISK EXPOSURES RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RISK PROFILE SECRECY LAW SECURITIES SETTLEMENTS SHAREHOLDER SHAREHOLDER RIGHTS SHAREHOLDERS SINGLE BORROWER SUBSIDIARIES SUPERVISORY ACTIONS SUPERVISORY FRAMEWORK SUSPENSION OF PAYMENT TRADING TRANSFER RISK TRANSFER RISKS TRANSPARENCY UNSECURED LOANS International Monetary Fund World Bank Financial Sector Assessment Program Update : Philippines - Focused Update of the Basel Core Principles for Effective Banking Supervision |
| geographic_facet |
East Asia and Pacific Philippines |
| description |
This focused assessment of the current
state of the Philippines' compliance with the Basel
core principles for effective banking supervision is an
update of the detailed assessment completed as part of the
International Monetary Fund (IMF)-World Bank Financial
Sector Assessment Program (FSAP) that took place in 2002.
Thus, the current assessment targets those Basle Core
Principles for Effective Banking Supervision (BCPs) for
which the initial assessment was non-compliant or materially
non-compliant, and those for which the FSAP had recommended
reforms. As the original assessment had been made using the
1997 methodology, which was superseded by the 2006
methodology, the principles that were reviewed were mapped
into the 2006 principles. This report should provide inputs
for the enhancement of the Central Bank of the Philippines
(BSP's) action plan to move toward full compliance with
the core principles. This assessment of the effectiveness
of banking supervision was based on an examination of the
legal and regulatory framework and benefited from the inputs
of the IMF resident advisor, as well as the BSP's very
detailed self-assessment and responses to a questionnaire. |
| format |
Economic & Sector Work :: Financial Sector Assessment Program (FSAP) |
| author |
International Monetary Fund World Bank |
| author_facet |
International Monetary Fund World Bank |
| author_sort |
International Monetary Fund |
| title |
Financial Sector Assessment Program Update : Philippines - Focused Update of the Basel Core Principles for Effective Banking Supervision |
| title_short |
Financial Sector Assessment Program Update : Philippines - Focused Update of the Basel Core Principles for Effective Banking Supervision |
| title_full |
Financial Sector Assessment Program Update : Philippines - Focused Update of the Basel Core Principles for Effective Banking Supervision |
| title_fullStr |
Financial Sector Assessment Program Update : Philippines - Focused Update of the Basel Core Principles for Effective Banking Supervision |
| title_full_unstemmed |
Financial Sector Assessment Program Update : Philippines - Focused Update of the Basel Core Principles for Effective Banking Supervision |
| title_sort |
financial sector assessment program update : philippines - focused update of the basel core principles for effective banking supervision |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2010/04/18019484/philippines-focused-update-basel-core-principles-effective-banking-supervision http://hdl.handle.net/10986/16059 |
| _version_ |
1764431488996081664 |
| spelling |
okr-10986-160592021-04-23T14:03:23Z Financial Sector Assessment Program Update : Philippines - Focused Update of the Basel Core Principles for Effective Banking Supervision International Monetary Fund World Bank ACCOUNTING ACCOUNTS RECEIVABLES ANTI-MONEY LAUNDERING ASSET RATIO ASSET VALUES ASSETS AUDIT COMMITTEE BALANCE SHEET BANK DEPOSITS BANK FAILURES BANK MANAGEMENT BANK SECRECY BANKING LAW BANKING PRACTICE BANKING REGULATION BANKING SUPERVISION BANKS BASLE CORE PRINCIPLES BOOK VALUE BORROWER BUSINESS PLANS CAPITAL ADEQUACY CAPITAL ADEQUACY GUIDELINES CAPITAL ADEQUACY RATIOS CAPITAL MARKETS CAPITAL RATIO CAPITAL RATIOS CENTRAL BANK CENTRAL BANKING CHECKS CLIENT IDENTIFICATION CONFIDENTIALITY CONSOLIDATED SUPERVISION CORPORATE GOVERNANCE CORPORATE GOVERNANCE OF BANKS CORRECTIVE ACTION CORRECTIVE ACTIONS COUNTRY RISK COUNTRY RISKS COURT RULING CREDIT RISK CREDITORS CUSTOMER INFORMATION DEBT DEBT SECURITIES DEPOSIT DEPOSIT ACCOUNTS DEPOSIT HOLDERS DEPOSIT INSURANCE DEPOSITORS DEPOSITS DISCRETIONARY POWER DISCRETIONARY POWERS DIVIDEND DIVIDENDS DOMESTIC BANKS DUE DILIGENCE EMERGENCY LOAN EXCHANGE COMMISSION EXPOSURE EXPOSURES FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEM FOREIGN BANKS FRAUD GOVERNMENT SECURITIES GRACE PERIODS HOLDING HOLDING COMPANIES INDEBTEDNESS INDEMNIFICATION INDIVIDUAL BANKS INFORMATION SHARING INSURANCE INSURANCE CORPORATION INTERNAL AUDIT INTERNAL CONTROL INTERNAL CONTROLS INTERNATIONAL ACCOUNTING INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL BANK ISSUANCES LAWS LEGAL ACTIONS LEGAL FRAMEWORK LEGAL POWERS LEGAL PROTECTION LEGISLATION LENDING LIMITS LEVERAGE LIABILITY LIQUIDATION LIQUIDITY LIQUIDITY PROBLEMS LIQUIDITY RISKS LITIGATION LOAN LOAN PORTFOLIO MANDATE MARKET RISK MARKET RISKS MINIMUM CAPITAL ADEQUACY RATIO MINIMUM CAPITAL RATIOS MONETARY FUND MONEY LAUNDERING NEGOTIATION NUMBER OF BANKS OPERATIONAL RISK OUTSOURCING OUTSTANDING LOANS OWNERSHIP STRUCTURES PENALTIES PORTFOLIO PRESERVATION OF ASSET PRIVATE SECTOR DEVELOPMENT PRUDENTIAL REGULATION PRUDENTIAL REGULATIONS RECAPITALIZATION RECEIVABLES RECEIVER RECEIVERSHIP REGULATORS REGULATORY FRAMEWORK REGULATORY STANDARDS REPUTATION RESOLUTION MECHANISM RESTORATION RESTORATION PLAN RISK EXPOSURES RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RISK PROFILE SECRECY LAW SECURITIES SETTLEMENTS SHAREHOLDER SHAREHOLDER RIGHTS SHAREHOLDERS SINGLE BORROWER SUBSIDIARIES SUPERVISORY ACTIONS SUPERVISORY FRAMEWORK SUSPENSION OF PAYMENT TRADING TRANSFER RISK TRANSFER RISKS TRANSPARENCY UNSECURED LOANS This focused assessment of the current state of the Philippines' compliance with the Basel core principles for effective banking supervision is an update of the detailed assessment completed as part of the International Monetary Fund (IMF)-World Bank Financial Sector Assessment Program (FSAP) that took place in 2002. Thus, the current assessment targets those Basle Core Principles for Effective Banking Supervision (BCPs) for which the initial assessment was non-compliant or materially non-compliant, and those for which the FSAP had recommended reforms. As the original assessment had been made using the 1997 methodology, which was superseded by the 2006 methodology, the principles that were reviewed were mapped into the 2006 principles. This report should provide inputs for the enhancement of the Central Bank of the Philippines (BSP's) action plan to move toward full compliance with the core principles. This assessment of the effectiveness of banking supervision was based on an examination of the legal and regulatory framework and benefited from the inputs of the IMF resident advisor, as well as the BSP's very detailed self-assessment and responses to a questionnaire. 2013-10-03T16:43:47Z 2013-10-03T16:43:47Z 2010-04 http://documents.worldbank.org/curated/en/2010/04/18019484/philippines-focused-update-basel-core-principles-effective-banking-supervision http://hdl.handle.net/10986/16059 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work :: Financial Sector Assessment Program (FSAP) Economic & Sector Work East Asia and Pacific Philippines |