Accounting Alerts

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PIC Financial Reporting Guidance (June 2021 Edition)

11 Nov 2021

This Accounting Alert is issued to circulate Philippine Interpretations Committee (PIC) June 2021 edition of the Financial Reporting Guidance (FRG).

Implementation of LIBOR Transition Plan and Extension of Reporting Requirements on LIBOR-Related Exposures

10 Nov 2021

This Accounting Alert is issued to circulate Bangko Sentral ng Pilipinas (BSP) Memorandum No. 2021-58 dated October 26, 2021 on the implementation of LIBOR transition plans and extension of reporting requirements on LIBOR-related exposures.

BSP Temporary Regulatory Relief for BSFIs on the Capital Treatment of Provisioning Requirements under PFRS 9

05 Nov 2021

This Accounting Alert is issued to circulate Bangko Sentral ng Pilipinas (BSP) Memorandum No. 2021-55 (Memorandum) dated October 19, 2021 on the temporary regulatory relief on the capital treatment of provisioning requirements under PFRS 9 for all BSP-supervised financial institutions (BSFIs).

BSP Regulatory Treatment of Restructured Loans of BSFIs for Purposes of Measuring Expected Credit Losses

05 Nov 2021

This Accounting Alert is issued to circulate Bangko Sentral ng Pilipinas (BSP) Memorandum No. 2021-56 dated October 21, 2021 on the regulatory treatment of restructured loans for purposes of measuring expected credit losses (ECL) amid the pandemic.

Guidelines on the Minimum Paid-up Capitalization and Net Worth Requirements for Cooperative Insurance Companies

04 Nov 2021

This Accounting Alert is issued to circulate Insurance Commission (IC/Commission) Circular Letter (CL) No. 2021-61 dated October 31, 2021 on the guidelines on the minimum capitalization and net worth requirements for cooperative insurance companies.

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