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    BSP Issues Guidelines for Reporting Submissions by Digital Banks

    March 09, 2023

    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

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