Regulatory Compliance

Our Regulatory Compliance unit covers adherence to all relevant and applicable Philippine banking laws and regulations. They are in charge especially of regulatory compliance management with respect to the Bangko Sentral’s institutional compliance rating system, which comprehensively evaluates the effectiveness of a bank’s compliance system in mitigating business risk.

Partnership building with the Bangko Sentral including other regulators such as the SEC, AMLC and PDIC as well as with the Bank’s external auditor and industry organizations such as the Association of Bank Compliance Officers and the Bankers Institute of the Philippines is also essential work in regulatory compliance management. Through continued liaison and dialogue with regulators and interaction with compliance colleagues in the industry, the Regulatory Compliance unit ensures the prompt dissemination of information on new regulations and compliance-related developments affecting bank operations.