BSP Cir. No. 1119: Amendments to Derivatives Regulations of Banks, Quasi-Banks and Trust Corporations

BSP Cir. No. 1119: Amendments to Derivatives Regulations of Banks, Quasi-Banks and Trust Corporations

Description:

Discussion of the amendments in the derivatives regulations under Circular No. 1119. The Circular aims to further liberalize the authorization framework by enabling BSP-supervised financial institutions (BSFIs) to better manage their risks using derivatives and provide a wider menu of suitable products to their clients.

Webinar Outline

I. Scope of BSP Circular No. 1119

II. Derivatives activities (incorporating the amendments under Cir 1119)

A. Quick review: Regulatory Framework and covered BSFIs

B. Generally Authorized Derivatives Activity (GADA)

C. Additional Derivatives Authority (ADA)

D. Activities requiring Notification (Notice)

III. Question and Answer

Resource Speaker

Ma. Marisol A. De Villa-Go

Deputy Director

Capital Markets and Trust Supervision Department

Financial Supervision Sector

Bangko Sentral ng Pilipinas

Schedule:

23 June 2023, Friday,

9:00 AM – 12:00 NN

Training Fee per Participant:

From Member Institution – P2,800.00

From Non-Member Institution – P3,920.00

**VAT inclusive