The monetary board of the Bangko Sentral ng Pilipinas clarifies notification requirements when banks engage in derivatives transactions, including structured products.

The monetary board of the Philippines Central Bank has approved the amendment of the regulations on derivatives transactions of banks, quasi-banks, and trust corporations regarding updating definitions of terms and notification requirements. The total carrying value of the investment in structured products and CLNs ‘shall not exceed 20% of the assets being managed by the trust department’  In Circular No. 1194 issued by the Bangko Sentral ng Pilipinas (BSP), the board detail

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