Central Bank of the Philippines sets notification and monthly capital reporting rules for firms using relief on FVOCI peso government securities losses

The Central Bank of the Philippines has issued submission guidelines for banks and quasi-banks that avail of the regulatory capital relief tied to valuation losses on peso government securities measured at fair value through other comprehensive income. Entities intending to use the relief must notify their supervising department by 30 June 2026 and attach their February 2026 solo capital adequacy ratio report and a control prooflist showing the breakdown of net unrealized gains and losses, including those arising from FVOCI peso government securities. Only banks and quasi-banks that have availed of the BSP-approved relief must file the new monthly capital adequacy ratio report, starting with the 30 April 2026 reference date. Reports must be submitted through the PRIME facility under the BSP Relationship Management System in XML format with a signed control prooflist, using BSP-prescribed templates and validation standards. For the periods ending 30 April, 31 May and 30 June 2026, the filing deadline is 15 July 2026. For reporting periods from 31 July 2026 to 31 December 2026, reports are due 10 banking days after the end of the reference month. Universal and commercial banks, their covered subsidiaries, digital banks and quasi-banks are expected to submit through machine-to-machine channels where available, while certain stand-alone thrift, rural, cooperative banks and quasi-banks may use the PRIME submission portal until further notice.