Philippines

ESG / Sustainability

Philippines SEC Launches ISSB-Aligned Capacity-building Programme

By Sanday Chongo Kabange | 10/03/2026

The SEC has started a year-long programme to help companies transition to new sustainability reporting requirements.

Capital / Liquidity

BSP Overhauls Bank Reporting Rules, Sets New Penalties

By Sanday Chongo Kabange | 09/03/2026

The BSP has introduced a new governance framework, shortened submission deadlines, and revised penalties to improve the quality of bank data.

ESG / Sustainability

Philippines SEC Moves to Impose Term Limits on PSE Directors

By Sanday Chongo Kabange | 09/03/2026

The regulator has approved a draft circular for public comment, citing corporate governance, while industry groups warn of negative consequences.

Fintech / Regtech

BSP Directs Banks to Shift to Biometrics, Phases Out SMS OTPs

By Sanday Chongo Kabange | 09/03/2026

New draft rules require banks to adopt server-side biometrics for high-risk transactions to combat fraud, linking compliance to liability.

AML / KYC

Philippines Drafts Protocol to Reverse Fraudulent Transactions

By Sanday Chongo Kabange | 05/03/2026

The industry-wide framework aims to provide clearer and more reliable timelines for recovering funds stolen through scams and cyberattacks.

ESG / Sustainability

Philippines Finance Group, State Bank Launch ESG Guide

By Sanday Chongo Kabange | 05/03/2026

The guide provides practical advice on integrating ESG principles, with state-owned LANDBANK to distribute it to farmers and cooperatives.

Fintech / Regtech

Philippine Rural Banks Warn New Rules Could Stifle Inclusion

By Sanday Chongo Kabange | 05/03/2026

An industry group is urging the BSP to rethink proposed prudential rules, arguing that steep capital requirements and geographic limits could harm digitalisation.

Capital / Liquidity

Philippines Central Bank Reviews Lifting Maturity Cap for Salary Loans

By Sanday Chongo Kabange | 05/03/2026

The move aims to ease borrower debt burdens and provide repayment flexibility amid slowing national credit growth and calls from public sector employees.

AML / KYC

Philippines Doubles EDD Threshold for Cash Withdrawals to PHP 1 Million

By Sanday Chongo Kabange | 04/03/2026

The move aims to ease the burden on legitimate business transactions while allowing FIs to focus AML resources on higher-risk activities.