Philippines

Bankers Association of the Philippines 11th Floor Sagittarius Condominium Building H.V. Dela Costa Street Salcedo Village Makati City Metro Manila Philippines Tel: 632-810 3858 / 632-810 3859 Fax: 632-810 3860 Email: secretariat@bap.org.ph Mr Aurelio R. Montinola III, President Mr Cesar O Virtusio, Executive Director Miss Connie L. Justiniani, Senior Associate Director

The Ateneo-BAP Institute has launched a 5-day online course on SME Risk Based Lending. This course offers a customized approach in the credit assessment of small and medium enterprises (SMEs). It reexamines established credit principles and processes, and refocuses these for effective SME lending applicability. The alternative credit assessment approaches and activities the course provides deviate from the traditional evaluation processes used for commercial credit applicants; recognizing the uniqueness of SMEs as a business sector.

Fee : USD 110
Date : March 15 - 19, 2010

For more information, please visit : cce.ateneo.edu
You may also call Deck Salas at +63 02 8402770 or Marleth Calanog at +63 02 8401242
Email msalas@aps.ateneo.edu or cce-abib@aps.ateneo.edu

On 13 November 2009, the Securities and Exchange Commission approved the registration of the National Association of Securities Broker Salesmen, Inc also known as NASBI. NASBI is a non-profit association of individual broker salesmen organized by the Bankers Association of the Philippines (BAP) with assistance from other organizations which included the Money Market Association of the Philippines (MART) and the Investment House Association of the Philippines (IHAP).

NASBI can now take on the lead of promoting the interest of our broker salesmen, in particular, and the investing public, in general. Unlike institutions-based membership such as the BAP, MART or IHAP amongst others, NASBI’s membership is on an individual basis. Membership is targeted at those who have passed the examination and have been licensed as securities salesmen by the SEC. It is envisioned that MART will remain the prime mover and anchor of the dealers market, and NASBI will be the enabler, guide and advocate for the broker and salesmen.

Membership. NASBI membership is on an individual basis. The broker salesman himself, not the institution, shall be eligible to be a member of NASBI. Broker Salesman means a natural person employed by a Broker and/or Dealer Institution to buy or sell securities for the account of qualified and/or public investors and who is licensed and registered as a broker salesman by the SEC. All eligible recently licensed broker salesmen are encouraged and invited to apply for membership with NASBI in order for them to take part in all activities and undertakings of the association. Membership fee is set at PhP500 per broker salesman.

Guiding Principles. Broker salesmen have the paramount duty of advancing and protecting the interest of their customer investors and towards this end the broker salesmen shall promote and abide by the principles of full disclosure, transparency, suitability, segregation and best execution in the conduct of their trade.

Mission. NASBI is an advocacy organization with the mission to:
1. Professionalize the broker salesmen
2. Educate and deepen the investor base
3. Actively participate in the development of securities appropriate for public distribution
4. Support and further promote initiatives directed towards capital market development
5. Safeguard the investor’s right to disclosure and transparency.

Function
1. To educate broker salesmen on the laws, rules, regulations, conventions and best practices in the sales and distribution of securities
2. To educate the investors on the opportunities and risks of securities investments
3. To represent and promote the interest of broker salesmen
4. To develop and participate in the crafting of rules, regulations and conventions governing the sales and distribution of securities to the public

Initial Funding. Initial funding was provided by the BAP through the recommendation of the BAP Capital Markets Development Committee in the amount of Pesos: Five Hundred Thousand (PhP500,000.00) for the registration of NASBI and to fund its initial operations. Other organizations like MART and IHAP, which are represented in the BAP Capital Markets Development Committee, have likewise expressed their support in kind to assist the administrative requirements of the organization.

Sources of Funds. Sources of funds include membership fees and dues, revenue generated from trainings, reviews, continuing education programs, investor briefings etc.

Board of Directors and Officers

President	Ms. Ursula A. Alano SVP, Treasury Marketing Division Banco De Oro
Vice President	Mr. Celso Bernard G. Lopez EVP, Distribution Group Head East West Bank
Secretary	Ms. Ma. Lourdes S. Liwag FVP, Division Head, Treasury – Global Distribution & Advisory Division Rizal Commercial Banking Corporation
Treasurer	Ms. Josefina T. Tuplano SVP, Head of Investment Marketing and Distribution Division Metropolitan Bank and Trust Company
Member Directors	Ms. Ruth B. Bandera VP, Securities Distribution Division BPI Capital
	Mr. John B. Escolin AVP, Investment Banking/Treasury BDO Capital
	Ms. Lourdes Patricia P. Felipe Director / Head of Financial Markets Sales, Financial Markets ING Bank N.V.
	Mr. Manuel A. Goseco Director, Financial Markets Sales, Financial Markets Standard Chartered Bank
	Ms. Rose Adela T. Quitoriano SAVP, Treasury Development Bank of the Philippines
	Ms. Lily I. Reyes-Lao - Director SAVP, Treasury Group – Treasury Business Center China Banking Corporation
	Mr. Grahambell G. Tacda Manager, Treasury Multinational Investment Bancorporation

NASBI Committees and Chairpersons

Executive Committee	Ms. Ursula A. Alano
Membership Committee	Ms. Ma. Lourdes S. Liwag
Finance Committee	Ms. Josefina T. Tuplano
Education Committee	Mr. Celso Bernard G. Lopez
Sales and Distribution Committee	Ms. Ruth B. Bandera
Ethics Committee	Mr. Grahambell G. Tacda
Regulatory and Liaison Committee	Mr. Manuel A. Goseco

In the last quarter of 2009, the Bankers Association of the Philippines, in collaboration with Ateneo Center for Continuing Education, and the Bankers Institute of the Philippines, (BAIPHIL), organized a forum to update the deans and professors of the business schools of various universities belonging to the Philippines Association of Collegiate Schools in Business (PACSB).

The forum touches on the use of E-Money/E- Commerce in banking as well as the latest updates on technological changes unfolding in the banking industry. The objective of the forum is to equip the professors of the business schools to cascade the latest developments in banking to their students.

Prior to this forum, BAP, BAIPHIL, and Ateneo also conducted a seminar on “Money Market and Fixed Income Instruments” to business students of Wesleyan University, a member of the PACSB.

The Bankers Association of the Philippines (BAP) elected a new Board of Directors during its Annual General Membership meeting held on 30 March, 2009. Mr. Aurelio R. Montinola III and Mr. Jesus A. Jacinto, Jr. were re-elected President and First Vice-President, respectively. Mr. Montinola is serving his second term as President and Mr. Jacinto is serving his fourth term as Vice President. Other BAP Directors who were elected to officer posts are Mr. Mark P. Watkinson as Vice President, Mr. Justo A. Ortiz as Secretary and Mr. Antonio C. Moncupa, Jr. as Treasurer.

The composition of the 15-man BAP Board for the 2009-2010 term is as follows:

1.   ANTONIO S. ABACAN JR.	Chairman, Metropolitan Bank & Trust Company
2.   RICARDO A. BALBIDO JR.	President & CEO, Philippine Veterans Bank
3.   ABRAHAM T. CO	President, Asia United Bank
4.   REYNALDO G. DAVID	President & CEO, Development Bank of the Philippines
5.   CONSUELO D. GARCIA	Country Manager/ Managing Director, ING Bank, N.V.
6.   JESUS A. JACINTO JR.	Vice Chairman, Banco DeOro
7.   MASAKAZU MIZUTANI	General Manager, The Bank of Tokyo-Mitsubishi UFJ, Ltd.
8.   ANTONIO C. MONCUPA JR.	President & CEO, East West Banking Corporation
9.   AURELIO R. MONTINOLA III	President & CEO, Bank of the Philippine Islands
10. JUSTO A. ORTI Z	Chairman and CEO, Union Bank of the Philippines
11. ANTONIO H. OZAETA	President, Philippine Trust Company
12. LORENZO V. TAN	President & CEO, Rizal Commercial Banking Corporation
13. ALBERTO S. VILLAROSA	President & CEO, Security Bank Corporation
14. SANJIV VOHR A	Country Officer, Citi
15. MARK P. WATKINSON	President & CEO, The Hong Kong and Shanghai Bank Corporation

Mr. Alberto S. Villarosa has been re-appointed Chairman of the BAP Education Committee. This is his second term as Chairman of the ASEAN Banking Council Permanent Committee on Education. Mr. Villarosa had also served as the ABC Banking Education Committee Chairman in 2004 and 2005.

The Bankers Association of the Philippines (BAP) and the Philippine Institute of Certified Public Accountants (PICPA) signed on Wednesday, 22 April 2009 at the BAP Headquarters the Memorandum of Agreement (MOA) to highlight the collaboration of  the two institutions in promoting the use of auditors or accounting professionals who are duly certified by the Bangko Sentral Ng Pilipinas (BSP) and the Securities & Exchange Commission (SEC) to audit the Financial Statements of corporate borrowers of banks.

The Accord is premised on Circular 439 as amended, issued by the BSP which require that in rating corporate borrowers with total assets of more than P15Million, only audited financial statements prepared by auditors accredited by the SEC, or BSP, or Insurance Commission shall be acceptable. The MOA likewise, underscores the need for the Audited Financial Statements to be a very credible basis for credit extension, amongst other requirements. To attain this objective, PICPA will ensure that all accounting professionals within its membership are suitably trained in global accounting standards and procedures.

Signing the MOA are (seated from left to right) Mr. Francisco Gonzalez, PICPA Executive Director; Mr. Francisco Tacandong, PICPA President; Mr. Omar Byron Mier, BAP Risk Management Committee Chairman; and Mr. Alexander Patricio, Credit Risk Subcommittee Chairman