Under the guidelines, the issuer must be an ASEAN Issuer or a non-ASEAN issuer with KPIs linked to an ASEAN member country.
Financial institutions and fintech firms are invited to participate in the development of rules and standards for the Philippine Open Finance Pilot.
The rules will implement the requirements of the Financial Products and Services Consumer Protection Act, which passed in May last year.
The BSP says the higher caps will cushion the impact of inflationary pressure and interest rate hikes on banks and credit card issuers.
The BSP is testing large value CBDC transactions among a limited number of FIs. A retail CBDC is not being explored.
SRI Funds will have to allocate at least two-thirds of their NAV to their sustainable investment objective.
Banks won't need approval to exclude credit exposures from the SBL if they are covered by credit risk transfer arrangements such as guarantees or credit derivatives.
The SZSE and PSE will pursue market connectivity through the development of cross-border products and cooperation on index compilation.
Banks and NBFIs will have to notify the BSP within 24 hours after they become aware of any significant money laundering, terrorism financing, or proliferation financing risk event.
The BSP and banking industry associations launched a new campaign to improve to cyber hygiene among financial customers.
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