Array
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    [results] => Array
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                (
                    [ArticleID] => 380038
                    [Title] => BSP to impose restrictions on bank lending
                    [Summary] => 



The Bangko Sentral ng Pilipinas (BSP) will impose restrictions on bank lending to their subsidiaries and affiliates beginning April to prevent potential systemic risks.


The Monetary Board (MB) announced over the weekend that under the revised rules of the BSP, ceilings would be applied on loans and other credit accommodations and guarantees granted to bank subsidiary or affiliate.


                    [DatePublished] => 2007-01-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 358220
                    [Title] => BSP exempts some GOCC loans from DOSRI rule
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) has decided to exempt certain loans to government-owned and controlled corporations (GOCCs) from its strict DOSRI rules to facilitate funding for infrastructure projects and priority programs.


With the elections coming up in 2008, GOCCs will now have access to loans from government financial institutions (GFIs) without tipping the limits to loans granted to directors, officers, stockholders and related interests (DOSRI).


                    [DatePublished] => 2006-09-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 357482
                    [Title] => DOSRI exemption sought for unsecured loans of government firms
                    [Summary] => 



Government financial institutions want the Bangko Sentral ng Pilipinas (BSP) to exempt unsecured loans to government corporations from its restrictions on DOSRI loans. 


Bank loans to directors, officers, stakeholders and other related interests or DOSRI are limited by the BSP essentially to prevent these interests from abusing their privileges and running their own banks to the ground. 


                    [DatePublished] => 2006-09-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 349353
                    [Title] => BSP issues new rules on external audits
                    [Summary] => 



The Bangko Sentral ng Pilipinas (BSP) has issued new rules telling external auditors what they should report as material weakness in financial institutions.


The BSP issued this week a new circular that also eased up on its external audit report requirements, giving banks 120 days instead of only 90 calendar days to conduct the audit.


The BSP said external auditors will now be guided in the determination of the existence of what might be considered material weakness or breach in internal control that should be reported to the BSP.


                    [DatePublished] => 2006-07-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 337199
                    [Title] => BSP gives banks extra year to comply with DOSRI rules
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) agreed to give banks another year to comply with regulations on loans to related interests and manage their portfolio of unsecured DOSRI loans. 


The BSP said yesterday that the Monetary Board approved the one-year extension of the two-year transitory provisions of a memorandum circular issued in March 2004. 


                    [DatePublished] => 2006-05-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 241985
                    [Title] => BSP tightens rules on DOSRI loans
                    [Summary] => The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has approved tighter guidelines on dealings of banks with their directors, officers, stockholders and related interests (DOSRI) under the provisions of the General Banking Act. 


"We hope these regulations would curb excessive DOSRI lending which has been a major cause of bank failure," said BSP Governor Rafael Buenaventura. 


"In addition, borrowers will be subject to better credit discipline which they might have avoided in the past by borrowing from related banks," he added. 


                    [DatePublished] => 2004-03-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 166278
                    [Title] => BSP tightens up on DOSRI loans
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) plans to make it even harder for banks to lend to their affiliates by imposing added restrictions on loans to directors, officers, shareholders and related interests (DOSRI).


BSP Deputy Governor Alberto Reyes told reporters that the Monetary Board is preparing a set of guidelines on DOSRI loans, effectively expanding the existing restrictions under the implementing rules of the General Banking Law.


                    [DatePublished] => 2002-06-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

DOSRI

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 380038
                    [Title] => BSP to impose restrictions on bank lending
                    [Summary] => 



The Bangko Sentral ng Pilipinas (BSP) will impose restrictions on bank lending to their subsidiaries and affiliates beginning April to prevent potential systemic risks.


The Monetary Board (MB) announced over the weekend that under the revised rules of the BSP, ceilings would be applied on loans and other credit accommodations and guarantees granted to bank subsidiary or affiliate.


                    [DatePublished] => 2007-01-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 358220
                    [Title] => BSP exempts some GOCC loans from DOSRI rule
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) has decided to exempt certain loans to government-owned and controlled corporations (GOCCs) from its strict DOSRI rules to facilitate funding for infrastructure projects and priority programs.


With the elections coming up in 2008, GOCCs will now have access to loans from government financial institutions (GFIs) without tipping the limits to loans granted to directors, officers, stockholders and related interests (DOSRI).


                    [DatePublished] => 2006-09-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 357482
                    [Title] => DOSRI exemption sought for unsecured loans of government firms
                    [Summary] => 



Government financial institutions want the Bangko Sentral ng Pilipinas (BSP) to exempt unsecured loans to government corporations from its restrictions on DOSRI loans. 


Bank loans to directors, officers, stakeholders and other related interests or DOSRI are limited by the BSP essentially to prevent these interests from abusing their privileges and running their own banks to the ground. 


                    [DatePublished] => 2006-09-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 349353
                    [Title] => BSP issues new rules on external audits
                    [Summary] => 



The Bangko Sentral ng Pilipinas (BSP) has issued new rules telling external auditors what they should report as material weakness in financial institutions.


The BSP issued this week a new circular that also eased up on its external audit report requirements, giving banks 120 days instead of only 90 calendar days to conduct the audit.


The BSP said external auditors will now be guided in the determination of the existence of what might be considered material weakness or breach in internal control that should be reported to the BSP.


                    [DatePublished] => 2006-07-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 337199
                    [Title] => BSP gives banks extra year to comply with DOSRI rules
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) agreed to give banks another year to comply with regulations on loans to related interests and manage their portfolio of unsecured DOSRI loans. 


The BSP said yesterday that the Monetary Board approved the one-year extension of the two-year transitory provisions of a memorandum circular issued in March 2004. 


                    [DatePublished] => 2006-05-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 241985
                    [Title] => BSP tightens rules on DOSRI loans
                    [Summary] => The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has approved tighter guidelines on dealings of banks with their directors, officers, stockholders and related interests (DOSRI) under the provisions of the General Banking Act. 


"We hope these regulations would curb excessive DOSRI lending which has been a major cause of bank failure," said BSP Governor Rafael Buenaventura. 


"In addition, borrowers will be subject to better credit discipline which they might have avoided in the past by borrowing from related banks," he added. 


                    [DatePublished] => 2004-03-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 166278
                    [Title] => BSP tightens up on DOSRI loans
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) plans to make it even harder for banks to lend to their affiliates by imposing added restrictions on loans to directors, officers, shareholders and related interests (DOSRI).


BSP Deputy Governor Alberto Reyes told reporters that the Monetary Board is preparing a set of guidelines on DOSRI loans, effectively expanding the existing restrictions under the implementing rules of the General Banking Law.


                    [DatePublished] => 2002-06-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

BSP to impose restrictions on bank lending

By Des Ferriols | January 15, 2007 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) will impose restrictions on bank lending to their subsidiaries and affiliates beginning April to prevent potential systemic risks. The Monetary Board (MB) announced...

Business

BSP exempts some GOCC loans from DOSRI rule

By Des Ferriols | September 15, 2006 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) has decided to exempt certain loans to government-owned and controlled corporations (GOCCs) from its strict DOSRI rules to facilitate funding for infrastructure projects and...

Business

DOSRI exemption sought for unsecured loans of government firms

By Des Ferriols | September 11, 2006 - 12:00am

Government financial institutions want the Bangko Sentral ng Pilipinas (BSP) to exempt unsecured loans to government corporations from its restrictions on DOSRI loans. Bank loans to directors, officers,...

Business

BSP issues new rules on external audits

By Des Ferriols | July 26, 2006 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) has issued new rules telling external auditors what they should report as material weakness in financial institutions. The BSP issued this week a new circular that also...

Business

BSP gives banks extra year to comply with DOSRI rules

By Des Ferriols | May 18, 2006 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) agreed to give banks another year to comply with regulations on loans to related interests and manage their portfolio of unsecured DOSRI loans. The BSP said yesterday that...

Business

BSP tightens rules on DOSRI loans

By Des Ferriols | March 10, 2004 - 12:00am

The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has approved tighter guidelines on dealings of banks with their directors, officers, stockholders and related interests (DOSRI) under the provisions of...

Business

BSP tightens up on DOSRI loans

By Des Ferriols | June 28, 2002 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) plans to make it even harder for banks to lend to their affiliates by imposing added restrictions on loans to directors, officers, shareholders and related interests (DOSRI). BSP...

Business