Philippines

AI Risk & Governance

Unlocking ASEAN’s Potential: AI’s Role in Shaping the Region’s Banking Future

By Bradley Maclean | 13/03/2025

ASEAN has an opportunity to transform the region’s banking sector by leveraging AI. But a unified vision is essential to unlock the region’s full potential in AI-driven banking.

AI Risk & Governance

BSP to Issue Draft Rules on Managing AI Risks Within H1 2025

By Sanday Chongo Kabange | 12/03/2025

The BSP’s new regulations on AI risk management in the financial sector are set to be released within the first half of this year.

Resolution & Recovery

BSP Drafts Rules on Voluntary Bank Licence Surrender

By Sanday Chongo Kabange | 11/03/2025

Banks wishing to give up their banking licence need prior BSP approval and must have sufficient liquid assets to repay liabilities

Trading & Investment

Philippine Fund Managers Step Closer to Bond Repos

By Mark Johnston | 10/03/2025

Fund managers in the Philippines are a step closer to being able to participate in government securities repo transactions.

Anti-Money Laundering

Philippine SEC Outlines Reforms for Staying Off FATF Grey List

By Thisanka Siripala | 05/03/2025

A new digital registry will modernise how the SEC manages beneficial ownership data. The regulator will also tighten rules governing crypto firms.

ESG Data

ASEAN Exchanges Seek Regional Sustainability Data Infrastructure

By Nithya Subramanian | 28/02/2025

ASEAN Exchanges seek to develop a centralised sustainability data infrastructure for the region, and a marketplace for technology-based sustainability solutions

Fraud, Scams & Cybercrime

Philippine Lawmaker Proposes Bill to Establish Anti-Scam Centre

By Sanday Chongo Kabange | 27/02/2025

Senator Mark Villar said the proposed “Philippine Scam Prevention Center” will complement the recently enacted AFASA law.

Payments & Settlements

BSP Issues Guidance on Handling New Banknotes

By Sanday Chongo Kabange | 26/02/2025

The BSP also directed banks to facilitate the removal of damaged banknotes and coins from circulation.

Structural Regulation

BSP Issues Draft Rules for Digital Marketplace Operators

By Sanday Chongo Kabange | 26/02/2025

The draft guidelines will allow banks and EMIs to offer their own products as well as those from third-party providers via a single “digital marketplace” platform.