Bangko Sentral ng Pilipinas

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.

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.

Cybersecurity

BSP Forms New Cyber Resilience Governance Council

By Sanday Chongo Kabange | 25/02/2025

The council aims to foster a safe, secure, and resilient financial system by promoting strong cybersecurity practices, governance, and collaboration.

Liquidity Risk

BSP Reduces Reserve Requirement Ratio for Philippine Banks

By Sanday Chongo Kabange | 25/02/2025

The BSP says the RRR cut will promote financial intermediation. The cut is expected to release up to PHP 330 billion into the banking system.

Supervision & Enforcement

BSP Approves Revised Framework for External Auditor Selection

By Sanday Chongo Kabange | 20/02/2025

The framework allows external auditors to offer services to a wider scope of entities – including digital banks and VASPs.

Fraud, Scams & Cybercrime

BSP Issues Draft Rules Authorising FIs to Freeze Suspicious Funds  

By Sanday Chongo Kabange | 06/02/2025

FIs will be able to temporarily hold “disputed funds” while they initiate a process to validate the legitimacy of the transaction.

Fraud, Scams & Cybercrime

BSP Issues Draft Rules on Sharing of Financial Account Information

By Sanday Chongo Kabange | 23/01/2025

The rules will implement a requirement of the Anti-Financial Account Scamming Act, which allows financial account information to be shared with enforcement agencies.