BANGKO SENTRAL NG PILIPINAS

Fintech / Regtech

BSP Proceeds With Soft Launch of New ITRS System

By Editors | 09/01/2024

The soft launch of the new International Transaction Reporting System commenced as planned on 8 January. Full implementation is deferred from April to June.

Securities / Derivatives

Philippine Regulators Pledge to Deepen Bond Market

By Sanday Chongo Kabange | 09/01/2024

The objective is to increase the diversity of corporate borrowers that issue bonds and to make risk pricing more active.

Capital / Liquidity

BSP Amends Cheque Clearing Policy, Reintroduces Funding Facility

By Sanday Chongo Kabange | 06/01/2024

The reforms are aimed at enhancing the efficiency and safety of the Philippine payments system.

AML / KYC

Philippines Tightens Travel Rule Requirements for Crypto

By Editors | 01/01/2024

VASPs are expected to obtain, verify, and hold originator and beneficiary information for transactions with unhosted wallets regardless of the amount involved.

Fintech / Regtech

BSP Retains Moratorium on InstaPay and PESONet Fee Increases

By Sanday Chongo Kabange | 20/12/2023

The moratorium will remain in place as the BSP works to eliminate fees entirely for small e-payment transactions.

ESG / Sustainability

BSP Approves New Incentives to Promote Sustainable Finance

By Sanday Chongo Kabange | 19/12/2023

The measures include extra lending capability and a reduced reserve requirement rate on sustainable bonds issued by banks.

Fintech / Regtech

BSP Extends Moratorium on New E-Money Licences

By Sanday Chongo Kabange | 13/12/2023

The BSP has extended its moratorium on applications for new non-bank e-money issuers until 15 December 2024.

Securities / Derivatives

Philippines: Trust Entities Allows to Access Primary Market for BSP Securities

By Mark Johnston | 01/12/2023

Trust entities have so far only been able to trade BSP securities in the secondary market. The change will help expand the investor base and market liquidity.

Capital / Liquidity

BSP Approves Rules for New Intraday Settlement Facility

By Editors | 13/11/2023

The facility will allow eligible participants to borrow funds from the BSP to ensure timely execution of RTGS settlements.