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Event Details

BSP Cir. No. 1120: Amendments to Regulations on the Open Foreign Exchange Position of Banks


Course Description

The course provides an overview of the key amendments to the Net Open Foreign Exchange Position (NOP) framework under BSP Circular No. 1120 dated 07 June 2021, and the rationale for their adoption. The course will also briefly discuss some of the frequently asked questions related to the issuance of said Circular.


Course Outline


  • Key Objectives
  • Key Changes to the NOP Framework
  1. increase in the NOP Limit
  2. Adoption of Shorthand Approach
  3. Adoption of Supervisory Framework
  • Other Changes introduced by Circular 1120
  • Discussion of Frequently Asked Questions (FAQ)
  1. Queries received after the FAQ issuance
  • Open Forum
  • End


Resource Speaker:

Raymond P. Lim

Bank Officer V

Capital Markets and Trust Supervision Department

Bangko Sentral ng Pilipinas


Date/Time Schedule:

11 May 2023 (Thursday)

10:00 AM to 12:00 PM


Training Fee per Participant:

From Member Institution – P 2,800.00

From Non-Member Institution – P 3,920.00


**VAT Inclusive

May 11, 2023

10:00 - 12:00 GMT+8

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