ADVERTISEMENT
BANGKO SENTRAL NG PILIPINAS
Capital / Liquidity
BSP Amends Rules on Single Borrower Limit to Boost Lending
By Editors | 09/01/2023
Banks won’t need approval to exclude credit exposures from the SBL if they are covered by credit risk transfer arrangements such as guarantees or credit derivatives.
AML / KYC
BSP Sets Out New Rules for Reporting Financial Crime Risk Events
By Editors | 06/01/2023
Banks and NBFIs will have to notify the BSP within 24 hours after they become aware of any significant money laundering, terrorism financing, or proliferation financing risk event.
AML / KYC
Philippines Launches Cyber Safety Campaign for Financial Customers
By Editors | 05/01/2023
The BSP and banking industry associations launched a new campaign to improve to cyber hygiene among financial customers.
ESG / Sustainability
BSP Unveils 11-Point Sustainable Central Banking Strategy
By Editors | 28/12/2022
The Sustainable Central Banking strategy sets out the BSP’s approach to promoting sustainability in the financial system.
Market Infrastructure
BSP Issues Rules for Participants of RTGS Payment System
By Editors | 28/12/2022
Non-bank e-money issuers and other entities can become direct participants of the RTGS payment system without being sponsored by existing participants.
Securities / Derivatives
Philippine Lawmakers Advance Bill to Establish Sovereign Fund
By Editors | 18/12/2022
Critics say the bill’s timing is poor due to the country’s lack of surplus funds, high national debt, large trade deficit, and other economic problems.
Fintech / Regtech
BSP Launches New, Free, Interoperable Bill Payment Facility
By Editors | 05/12/2022
Through Bills Pay PH, customers can make digital payments to almost 500 on-boarded billers for free even if they use different payment service providers.
BSP Issues Rules to Implement New Financial Consumer Protection Law
By Editors | 04/12/2022
The BSP will be able to adjudicate cases involving financial transactions that are of civil nature and order reimbursements up to PHP 10 million.
Fintech / Regtech
Five ASEAN Central Banks Sign MoU on Payments Connectivity
By Sanday Chongo Kabange | 15/11/2022
The MoU is the first that brings together multiple ASEAN central banks under a single multilateral agreement to enhance cross-border payments.
Philippines Introduces Standard Forms for Business Loan Applications
By Editors | 13/11/2022
Lenders have 18 months to use the new standard form, which the BSP says will make credit more accessible to small businesses.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team