BSP Issues Guidelines for Reporting Submissions by Digital Banks
The central bank of Philippines (BSP) issued Memorandum M-2023-006 setting out guidelines on the electronic submission of reporting requirements applicable to digital banks.
The guidelines address submission of required reports for the period beginning end-February 2023. Annex A to the guidelines lists the reports that digital banks are required to submit, along with their respective submission mode, frequency, and timeline. Below are the key reports and their submission deadlines with frequency:
- Financial Reporting Package Solo is to be submitted monthly/quarterly within 15 banking days after the end of reference month/quarter.
- Basel III Capital Adequacy Report Solo is to be submitted quarterly within 15 banking days after the end of the reference quarter while the timeline for Basel III Capital Adequacy Consolidated Report timeline is 30 banking days
- Basel III Liquidity Coverage Ratio (LCR) Report Solo is to be submitted monthly, within 15 banking days from the measurement date, while the Basel III Liquidity Coverage Ratio (LCR) Consolidated report is to be submitted quarterly, within the 30 banking days from measurement date.
- Basel III Report on Net Stable Funding Ratio (NSFR) Solo is to be submitted monthly within 15 banking days from the measurement date while the report is to be submitted quarterly in case of Basel III Report on Net Stable Funding Ratio (NSFR) Consolidated within the 30 banking days from measurement date.
- Basel III Leverage Ratio (BLR) Report Solo is to be submitted quarterly within 15 banking days after the end of the reference quarter while the Basel III Leverage Ratio (BLR) Consolidated Report is to be submitted within 30 banking days.
- Report on Intraday Liquidity to be submitted monthly within 15 banking days after the end of the reference month.
Related Link: E-Submission Guidelines
Keywords: Asia Pacific, Philippines, Banking, Basel, Reporting, Digital Banks, BSP
Featured Experts

María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer

Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.

Patrycja Oleksza
Applies proficiency and knowledge to regulatory capital and reporting analysis and coordinates business and product strategies in the banking technology area
Previous Article
BoM Revises Guideline on Liquidity Risk ManagementRelated Articles
ISSB Sustainability Standards Expected to Become Global Baseline
The finalization of the two sustainability disclosure standards—IFRS S1 and IFRS S2—is expected to be a significant step forward in the harmonization of sustainability disclosures worldwide.
IOSCO, BIS, and FSB to Intensify Focus on Decentralized Finance
Decentralized finance (DeFi) is expected to increase in prominence, finding traction in use cases such as lending, trading, and investing, without the intermediation of traditional financial institutions.
BCBS Assesses NSFR and Large Exposures Rules in US
The Basel Committee on Banking Supervision (BCBS) published reports that assessed the overall implementation of the net stable funding ratio (NSFR) and the large exposures rules in the U.S.
Global Agencies Focus on ESG Data, Climate Litigation and Nature Risks
At the global level, supervisory efforts are increasingly focused on addressing climate risks via better quality data and innovative use of technologies such as generative artificial intelligence (AI) and blockchain.
ISSB Standards Shine Spotlight on Comparability of ESG Disclosures
The finalization of the IFRS sustainability disclosure standards in late June 2023 has brought to the forefront the themes of the harmonization of sustainability disclosures
EBA Issues Several Regulatory and Reporting Updates for Banks
The European Banking Authority (EBA) recently issued several regulatory publications impacting the banking sector.
BCBS Proposes to Revise Core Principles for Banking Supervision
The Basel Committee on Banking Supervision (BCBS) launched a consultation on revisions to the core principles for effective banking supervision, with the comment period ending on October 06, 2023.
US Proposes Final Basel Rules, Transition Period to Start in July 2025
The U.S. banking agencies (FDIC, FED, and OCC) recently proposed rules implementing the final Basel III reforms, also known as the Basel III Endgame.
FSB Report Outlines Next Steps for Climate Risk Roadmap
The Financial Stability Board (FSB) recently published the second annual progress report on the July 2021 roadmap to address climate-related financial risks.
EBA Plans on Ad-hoc ESG Data Collection and Climate Scenario Exercise
The recognition of climate change as a systemic risk to the global economy has further intensified regulatory and supervisory focus on monitoring of the environmental, social, and governance (ESG) risks.