Please refer to the BPRD Circular No. 04 of May 20, 2014 & BPRD Circular letter No. 04 of February 15, 2016 on the subject.

2) In this regard, in view of ongoing developments at the Basel Committee on Banking Supervision (BCBS) for changing the calculation methodology of operational risk capital charge, timeline for operational loss data collection mechanism and related reporting has been further extended till September 30, 2017.

3) Accordingly, banks and DFIs will be required to submit their reports to this department within fifteen (15) days from the close of each calendar quarter.

4) All other instructions on the subject shall, however, remain unchanged.

5) Please acknowledge receipt.