BANGKO SENTRAL NG PILIPINAS

    image

    Fintech / Regtech

    APAC Regulators Form New Forum to Address Cloud Risk

    By Sanday Chongo Kabange | 06/04/2023

    MAS assistant managing director Vincent Loy said the twice-a-year forum will help APAC regulators and CSPs ensure greater resilience of cloud adoption in the financial sector.

    image

    Capital / Liquidity

    BSP Offers Regulatory Relief to Promote Islamic Banking

    By Sanday Chongo Kabange | 03/04/2023

    The BSP is offering relief from minimum capital requirements to incentivise conventional banks to develop the Islamic banking market.

    image

    Fintech / Regtech

    BIS Innovation Hub Completes Project Nexus Proof-of-Concept

    By Editors | 23/03/2023

    The next phase of Nexus will connect the instant payment systems of Singapore, Indonesia, Malaysia, Philippines and Thailand.

    image

    Fintech / Regtech

    BSP Sets 1 July for Mandatory Adoption of QR Ph Standard

    By Editors | 15/03/2023

    From 1 July, all FIs and PSPs must disable all non-QR Ph codes and proprietary QR codes and ensure they are no longer be available to the public.

    image

    BSP Seeking to Eliminate Fees for Small Value Transactions

    By Editors | 06/03/2023

    The BSP is considering lowering the RRR in exchange for banks waiving their fees on small transactions, as part of efforts to promote financial inclusion.

    image

    Fintech / Regtech

    BSP Finalises New Requirements for E-money Issuers

    By Sanday Chongo Kabange | 14/02/2023

    Amended regulations require e-money issuers to meet higher liquidity and capital requirements, to ensure the industry’s resilience.

    image

    Fintech / Regtech

    BSP Invites Firms to Participate in Open Finance Rule-Making

    By Sanday Chongo Kabange | 02/02/2023

    Financial institutions and fintech firms are invited to participate in the development of rules and standards for the Philippine Open Finance Pilot.

    image

    Securities / Derivatives

    Philippine SEC Issues Consumer Protection Rules for Consultation

    By Editors | 31/01/2023

    The rules will implement the requirements of the Financial Products and Services Consumer Protection Act, which passed in May last year.

    image

    BSP Raises Interest Rate Caps for Credit Card Issuers

    By Editors | 27/01/2023

    The BSP says the higher caps will cushion the impact of inflationary pressure and interest rate hikes on banks and credit card issuers.

    image

    Crypto / Digital Assets

    BSP’s CBDC Testing to Continue in Sandbox Until 2024

    By Editors | 19/01/2023

    The BSP is testing large value CBDC transactions among a limited number of FIs. A retail  CBDC is not being explored.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team