[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109040-en":3,"doc-seo-109040-105":30,"detail-sidebar-cat-0-en-105":91},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":13,"seo_description":14,"update_tm":28,"read_time":29},109040,13056703020460,"Valentina","https://ap-avatar.wpscdn.com/avatar/be000253dac470eee5d?_k=1778207105932848923",8,"Research & Report","THE PHILIPPINES - Detailed Assessment of Observance - Basel Core Principles for Effective Banking Supervision","Detailed Assessment of Observance evaluates how banking supervision in the Philippines aligns with the Basel Core Principles for Effective Banking Supervision. The report is prepared for a joint IMF–World Bank standards assessment mission conducted in June–July 2019, outlining key preconditions and main findings across supervisory responsibilities, licensing and changes in control, cross-border supervision, supervisory approach, corrective and sanctioning powers, governance and internal audit, capital, credit risk and problem assets, risk management, disclosures and transparency, and abuse of financial services. It also presents a structured detailed assessment, summary compliance, and recommended actions with authorities’ responses.","Public Disclosure Authorized Public Disclosure Authorized  \nSeptember 2020  \nTHE PHILIPPINES  \nDETAILED ASSESSMENT OF OBSERVANCE-  \nBASEL CORE PRINCIPLES FOR EFFECTIVE BANKING SUPERVISION  \nPrepared By Monetary and Capital Markets Department, IMF, and Finance, Competitiveness and Innovation Global Practice, World Bank  \nThis report was prepared in the context of a joint IMF-World Bank standards assessment mission in the Philippines during June-July 2019, and overseen by the Monetary and Capital Markets Department, IMF, and the Finance, Competitiveness and Innovation Global Practice, World Bank.  \nCONTENTS  \nContents ................................................................................................................................................................................2  \nGlossary .................................................................................................................................................................................3  \nIntroduction .........................................................................................................................................................................6  \nInstitutional and Market Structure—Overview .....................................................................................................8  \nA. Institutional structure ..................................................................................................................................8  \nB. Overview of the Banking Sector ..............................................................................................................9  \nPreconditions for Effective Banking Supervision ................................................................................................ 10  \nMain Findings................................................................................................................................................................... 12  \nA. Responsibilities, Objectives, Powers, Independence (CP 1–2).................................................. 12  \nB. Licensing, Changes in Control, and Acquisitions (CP 4–7) ......................................................... 13  \nC. Supervisory Cooperation and Cross Border Supervision (CP 3, 12, 13) ................................ 13  \nD. Supervisory Approach (CP 8–10) ......................................................................................................... 14  \nE. Corrective and Sanctioning Powers of Supervisors (CP 11) ....................................................... 14  \nF. Corporate Governance and Internal Audit (CP 14, 26) ................................................................ 15  \nG. Capital (CP 16) ............................................................................................................................................ 15  \nH. Credit Risk and Problems Assets, Provisions and Reserves (CP 17–18) ............................... 16  \nI. Risk Management (CP 19–25) ................................................................................................................. 16  \nJ. Disclosures and Transparency (CP 27–28) ......................................................................................... 17  \nK. Abuse of Financial Services (CP 29) .................................................................................................... 17  \nDetailed Assessment ..................................................................................................................................................... 17  \nSupervisory Powers, Responsibilities and Functions......................................................................... 20  \nPrudential Regulations and Requirements ......................................................................................... 104  \nSummary Compliance with the Basel Core Principles .................................................................................... 182  \nRec","cbCaivsIP9JJbwMo","https://ap.wps.com/l/cbCaivsIP9JJbwMo","pdf",2356748,2,1,201,"English","en",105,"# Introduction\n## Institutional and Market Structure—Overview\n### A. Institutional structure\n### B. Overview of the Banking Sector\n## Preconditions for Effective Banking Supervision\n# Main Findings\n## Responsibilities, Objectives, Powers, Independence (CP 1–2)\n## Licensing, Changes in Control, and Acquisitions (CP 4–7)\n## Supervisory Cooperation and Cross Border Supervision (CP 3, 12, 13)\n## Supervisory Approach (CP 8–10)\n## Corrective and Sanctioning Powers of Supervisors (CP 11)\n## Corporate Governance and Internal Audit (CP 14, 26)\n## Capital (CP 16)\n## Credit Risk and Problems Assets, Provisions and Reserves (CP 17–18)\n## Risk Management (CP 19–25)\n## Disclosures and Transparency (CP 27–28)\n## Abuse of Financial Services (CP 29)\n## Detailed Assessment\n## Supervisory Powers, Responsibilities and Functions\n## Prudential Regulations and Requirements\n## Summary Compliance with the Basel Core Principles\n## Recommended Actions and Authorities’ Comments\n### A. Recommended Actions\n### B. Authorities’ Response to the Assessment","[{\"question\":\"What is the purpose of the detailed assessment report on banking supervision in the Philippines?\",\"answer\":\"It assesses observance of the Basel Core Principles for Effective Banking Supervision and presents findings, compliance summaries, and recommended actions.\"},{\"question\":\"When and how was the assessment mission conducted?\",\"answer\":\"The report was prepared in the context of a joint IMF–World Bank standards assessment mission in the Philippines during June–July 2019.\"},{\"question\":\"Which Basel Core Principle areas are covered in the main findings?\",\"answer\":\"The report covers responsibilities and independence, licensing and acquisitions, cross-border supervision, supervisory approach, corrective and sanctioning powers, governance and internal audit, capital, credit risk and problem assets, risk management, disclosures and transparency, and abuse of financial services.\"}]",1784476064,507,{"code":4,"msg":31,"data":32},"ok",{"site_id":25,"language":24,"slug":33,"title":13,"keywords":34,"description":14,"schema_data":35,"social_meta":86,"head_meta":88,"extra_data":90,"updated_unix":28},"the-philippines-detailed-assessment-of-observance-basel-core-principles-for-effective-banking-supervision","",{"@graph":36,"@context":85},[37,53,68],{"@type":38,"itemListElement":39},"BreadcrumbList",[40,44,47,50],{"item":41,"name":42,"@type":43,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":45,"name":46,"@type":43,"position":20},"https://docshare.wps.com/document/","Document",{"item":48,"name":12,"@type":43,"position":49},"https://docshare.wps.com/document/research-report/",3,{"item":51,"name":13,"@type":43,"position":52},"https://docshare.wps.com/document/the-philippines-detailed-assessment-of-observance-basel-core-principles-for-effective-banking-supervision/109040/",4,{"url":51,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":24,"description":14,"dateModified":61,"datePublished":62,"encodingFormat":60,"isAccessibleForFree":63,"interactionStatistic":64},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":41,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-30","2026-07-19",true,{"@type":65,"interactionType":66,"userInteractionCount":20},"InteractionCounter",{"@type":67},"ViewAction",{"@type":69,"mainEntity":70},"FAQPage",[71,77,81],{"name":72,"@type":73,"acceptedAnswer":74},"What is the purpose of the detailed assessment report on banking supervision in the Philippines?","Question",{"text":75,"@type":76},"It assesses observance of the Basel Core Principles for Effective Banking Supervision and presents findings, compliance summaries, and recommended actions.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"When and how was the assessment mission conducted?",{"text":80,"@type":76},"The report was prepared in the context of a joint IMF–World Bank standards assessment mission in the Philippines during June–July 2019.",{"name":82,"@type":73,"acceptedAnswer":83},"Which Basel Core Principle areas are covered in the main findings?",{"text":84,"@type":76},"The report covers responsibilities and independence, licensing and acquisitions, cross-border supervision, supervisory approach, corrective and sanctioning powers, governance and internal audit, capital, credit risk and problem assets, risk management, disclosures and transparency, and abuse of financial services.","https://schema.org",{"og:url":51,"og:type":87,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":89,"canonical":51},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":92},[93,97,101,105,110,115,120,123,128,131,135],{"id":21,"doc_module":4,"doc_module_name":46,"category_name":94,"show_sort_weight":95,"slug":96},"Story & Novel",90,"story-novel",{"id":20,"doc_module":4,"doc_module_name":46,"category_name":98,"show_sort_weight":99,"slug":100},"Literature",80,"literature",{"id":52,"doc_module":4,"doc_module_name":46,"category_name":102,"show_sort_weight":103,"slug":104},"Exam",70,"exam",{"id":106,"doc_module":4,"doc_module_name":46,"category_name":107,"show_sort_weight":108,"slug":109},5,"Comic",60,"comic",{"id":111,"doc_module":4,"doc_module_name":46,"category_name":112,"show_sort_weight":113,"slug":114},6,"Technology",50,"technology",{"id":116,"doc_module":4,"doc_module_name":46,"category_name":117,"show_sort_weight":118,"slug":119},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":46,"category_name":12,"show_sort_weight":121,"slug":122},30,"research-report",{"id":124,"doc_module":4,"doc_module_name":46,"category_name":125,"show_sort_weight":126,"slug":127},9,"Religion & Spirituality",20,"religion-spirituality",{"id":126,"doc_module":4,"doc_module_name":46,"category_name":129,"show_sort_weight":126,"slug":130},"World Cup","world-cup",{"id":132,"doc_module":4,"doc_module_name":46,"category_name":133,"show_sort_weight":132,"slug":134},10,"Lifestyle","lifestyle",{"id":136,"doc_module":4,"doc_module_name":46,"category_name":137,"show_sort_weight":106,"slug":138},19,"General","general"]