Bangko Sentral ng Pilipinas

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    AFI Members Sign ‘Manila Manifesto’ to Boost Financial Inclusion

    By Mark Johnston | 14/09/2023

    Members of the Alliance for Financial Inclusion pledged to work with global standard setters to promote financial inclusion.

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    Crypto / Digital Assets

    BSP Announces Key Technology Decision for CBDC Pilot

    By Sanday Chongo Kabange | 10/09/2023

    Participating financial institutions will test the use of wholesale CBDC technology alongside PhilPaSSplus in a sandbox environment.

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    BSP Engages Saudi Arabia in Push to Develop Islamic Banking Sector

    By Sanday Chongo Kabange | 08/09/2023

    The BSP has asked Saudi Arabian banks to help promote and develop Islamic banking and finance in the Philippines.

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    Market Infrastructure

    Vietnam Joins ASEAN Payment Connectivity Initiative

    By Sanday Chongo Kabange | 28/08/2023

    The inclusion of the SBV has increased the Regional Payment Connectivity group from five to six ASEAN central banks.

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    ESG / Sustainability

    BSP Signs UN-backed Principles for Responsible Investment

    By Sanday Chongo Kabange | 22/08/2023

    Becoming a PRI signatory will help the BSP enhance its integration of ESG factors in its investment process and decision-making.

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    Fintech / Regtech

    BSP Unveils Timeline for New International Transaction Reporting System

    By Editors | 18/08/2023

    A soft launch of the new data collection system will be in January 2024. Full implementation is set for April 2024.

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    Securities / Derivatives

    BSP Issues New Rules for UITFs on the Use of Benchmarks

    By Editors | 14/08/2023

    The BSP specifies a one-year transition period to allow unit investment trust funds to review their benchmarks and make changes where needed.

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    Fintech / Regtech

    Philippines: Banks See Shift to XML-based Reporting as Beneficial, Despite Challenges

    By Manesh Samtani | 19/07/2023

    BSP officials and members of the banking community attended a Regulation Asia-Adenza roundtable to discuss new XML-based reporting requirements in the Philippines.

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    ESG / Sustainability

    BSP Calls on Banks to Disclose ESG Impact of Assets

    By Editors | 14/07/2023

    The BSP is collaborating with scientists to develop a metric that will be used to score banks on their efforts to fight climate change.

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    Market Infrastructure

    BSP Issues Draft Guidelines on Operational Resilience

    By Mark Johnston | 14/07/2023

    Financial institutions should be able to demonstrate that they can continue to render critical operations through significant disruptions.

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