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Frequently Asked Questions on Circular No. 749

Frequently Asked Questions on Circular No. 749

BSP Memorandum No. M-2012-032 | 2012-07-05

BANGKO SENTRAL NG PILIPINAS
 
OFFICE OF THE DEPUTY GOVERNOR
SUPERVISION AND EXAMINATION SECTOR
 
 
MEMORANDUM NO. M-2012-032
 
To: ALL BSP SUPERVISED FINANCIAL INSTITUTIONS
 
Subject: Frequently Asked Questions on Circular No. 749
 
To facilitate the implementation of Circular No. 749 dated 27 February 2012, as amended, on the Guidelines in Strengthening Corporate Governance in BSP Supervised Financial Institutions, the following clarifications are hereby issued:
 
I. Section 1. Qualification of the Board of Directors
 
Minimum qualifications
 
1. What are the expectation from a bank in determination whether a...