Philippines

AML / KYC

Philippine Central Bank to Issue Circular on Online Gambling Risks

By Sanday Chongo Kabange | 04/07/2025

The BSP says it will require banks and electronic money issuers to better protect users of their digital platforms from online gambling risks.

Securities / Derivatives

Philippines Cuts Stock Trading Tax to Boost Market Competitiveness

By Manesh Samtani | 01/07/2025

A new law cuts the stock transaction tax from 0.6% to 0.1% to boost market liquidity and competitiveness. A significant […]

Enforcement

Philippines: Many Online Scammers Used to Work at POGOs

By Nithya Subramanian | 01/07/2025

Authorities say many online scammers who’ve been arrested used to work for POGOs, which were banned in the Philippines last year.

Capital / Liquidity

EU FRTB Delay Raises Fresh Fears of APAC Disruption

By Blake Evans-Pritchard | 01/07/2025

Australia, Thailand, Malaysia and the Philippines may have to rethink their implementation roadmap.

Capital / Liquidity

Philippines Proposes to Expand Deposit Insurance Beyond Bank Deposits

By Editors | 30/06/2025

The PDICis proposing legislative reforms to cover more financial products, following a recent doubling of the deposit insurance limit.

Market Infrastructure

BSP Issues Updated Credit Data Reporting Guidelines for FIs

By Sanday Chongo Kabange | 20/06/2025

Banks and trust corporations are required to submit COCREE 2.0 monthly for reporting periods from 30 April 2025 onwards.

Fintech / Regtech

BSP Proposes Model Risk Management Guidelines for FIs

By Sanday Chongo Kabange | 20/06/2025

The BSP has proposed model risk management guidelines for financial institutions to enhance operational resilience and mitigate potential losses.

Enforcement

Philippines Launches Complaint Centre for Victims of Abusive Online Lenders

By Nithya Subramanian | 18/06/2025

The SEC also revoked the licences for 401 lending and financing companies, part of a wider crackdown on illegal and predatory lending practices.

Philippines: New Rural Bank Emerges from Four-Entity Merger

By Sanday Chongo Kabange | 18/06/2025

The BSP said Agribank has started operations, representing the combined entity following a merger of four agricultural rural banks.