• Accreditation of Thrift Banks in the British Embassy’s Bank Certification Verification System (BCVS), a mechanism by which the Embassy can verify or validate via electronic mode the authenticity of the Bank Certification issued by the banks to their depositors for visa application purposes.
• Accreditation of CTB member-banks in BAP-CB’s Online Loandex Information Exchange System
• Grant of BSP authority for RBUs of TBs to invest in readily marketable foreign currency-denominated debt instruments
• Grant of BSP authority for TBs to engage in FX swaps and forwards transactions to fund purchases of foreign currency denominated instruments
• Successful conduct of CTB training program on Compliance Function in Banks (which benefited 56 participants from 29 member-banks) and Risk Management & Audit (which benefited 70 participants from 30 thrift-banks).

2009

• Grant of BSP authority to issue Foreign L/Cs (for qualified TBs)
• Liberalization of BSP Rediscounting Guidelines (deletion of JSS req)
• Deletion of proposed increased assessment on banks in PDIC bill

2008

• Played a key role in the passage of the Credit Information System Act (CISA)
• Extension of the exemption of micro and small-enterprise loans from the required submission of ITR/AFS
• Longer period for submission by banks to AMLC of Covered and Suspicious Transaction Reports
• Reduction to one (from two) of AMLC ID requirement
• Introduced legislation on Free Patent
• Issuance by the Supreme Court of Administrative Matter No. 99-10-05 as a means of addressing industry’s concern on indiscriminate issuance of TROs

2007

• Grant of BSP authority for TBs to engage in derivatives activities
• FCDU authority to include investments in long-dated marketable securities
• Reduction of the minimum capital requirement for TBs to operate an FCDU
• Grant of authority for all TBs to engage in limited trust business

2006

• Retention of GRT on banks’ income from lending activities at 5% and 1% (instead of the proposed 7% and 3%)
• Advocated lifting by the BSP of moratorium on bank branching/liberalized branching policy
• Exemption of loans to small enterprises from the required submission of ITR/AFS, giving them 2 years within which to comply
• Joint venture arrangements with real estate developers to hasten disposal of ROPOAs

2005

• Training program on Operational Risks to prepare member-banks for BASEL II

  Internal credit risk rating system for thrift banks

2004

• Access by member-banks to BAP’s Negative File Information System
• Supported the increase in the maximum deposit insurance coverage from P100,000 to P250,000.

2003

• Staggered booking of losses arising from the discounted sale of NPAs to an SPV
• Sales of ROPOA covered by SCRs excluded from automatic classification as NPAs
• Passage of RA No. 9238, exempting FIs’ transactions from VAT and reverting banks to GRT
• Accreditation of qualified TBs as collection agents for the BIR
• 12-point accreditation program for wholesale lending programs of various GFIs

2002

• TBs’ Eligibility for rediscounting under BSP’s rediscounting facility for microfinance
• ROPOAs made part of compliance to the required 75% loans to deposit ratio
• Increase in loan value for home mortgages to 80% if loan is fully guaranteed by appropriate government agency
• “Front-end system” connecting TBs to the PPS/RTGS at an affordable cost

2001

• Drafted the Risk Manual for TBs (endorsed by BSP)
• Redefinition of SMEs by increasing the ceiling for the definition of ‘medium’ enterprises from P60 M to P100 M
• Lifting of a presidential directive suspending the granting of government guarantee on SME loans
• Allowing the capitalization of capital gains tax and DST on ROPOAs without requiring BSP accredited independent external appraiser for ROPOAs not exceeding P1 million

2000

• Restoring the level of thrift banks’ liquidity reserve requirements on deposits and deposit substitutes to its former level of 2% (instead of 4% and 5% per BSP Cir. 260 and 262)

  1999

• Made possible TBs’ subscription to Pag-Ibig bonds as alternative compliance to agri-agra lending
• Part of the BSP-Banking Industry Y2K Task Force

1998

• Adoption of CTB Code of Ethics
• Drafted the Compliance System for TBs (in collaboration with BSP)

1997

• BSP authority for TBs to accept government deposits (BSP Circ. 110)
• BSP-CTB collaboration on BSP’s three-volume manual of GL/SL Reporting Scheme for Thrift Banks.
• BSP Rediscounting window for SMEs with higher limits in banks’ participation at lower interest rates
• Retention of the sector’s exemption from the payment of GRT under the CTRP

1995

• Passage of the Thrift Banks Act (R.A. 7906)