ADVERTISEMENT
Fraud, Scams & Cybercrime
BSP to Ensure Hacked BDO Accounts Are Reimbursed
By Mark Johnston | 15/12/2021
Some 700 customers of BDO Unibank have suffered losses due to a hack. The BSP said it will ensure remedial measures are undertaken.
Sustainable Finance
Bangko Sentral’s ‘Deliberate Approach’ to Sustainable Finance
By Mark Johnston | 14/12/2021
Deputy governor Chuchi Fonacier explains the BSP’s policy approach to sustainability, highlighting the central bank’s role as an ‘enabler’, ‘mobiliser’ and ‘doer’.
Payments & Settlements
BSP Urges Rural Banks to Promote Financial Inclusion Through Tech
By Mark Johnston | 07/12/2021
As of end-June 2021, there were over 3,000 rural banks nationwide. However, only 21 of them offer PESONet and 11 offer InstaPay for electronic fund transfer services.
Payments & Settlements
BSP Allows Digital Banks to Participate in Monetary Operations
By Editors | 30/11/2021
Digital banks and unit investment trust funds can also participate in the secondary market for central bank securities.
Conduct, Culture & Accountability
BSP Issues Revised Corporate Governance Rules for FIs
By Editors | 25/11/2021
Non-Filipino citizens can become members of a bank’s board of directors, to the extent of foreign ownership in the institution.
Structural Regulation
Philippine SEC Issues Draft Rules for Online Lenders, Fintechs
By Mark Johnston | 24/11/2021
The SEC is seeking a greater degree of regulatory oversight for fintech firms and digital lenders to address “abusive and predatory practices”.
Structural Regulation
BSP to Stop Accepting Applications for E-Money Issuer Licences
By Sanday Chongo Kabange | 22/11/2021
EMI licence applications received from non-bank institutions will be processed until 15 December on a first-come, first-served basis.
Payments & Settlements
BSP Pursues Cross Border Payment Links with Malaysia, Thailand
By Editors | 16/11/2021
The BSP has been in dialogue with ASEAN central banks including MAS, BNM and BOT to make cross-border payment flows cheaper and more seamless.
Payments & Settlements
Singapore, Philippines to Pursue Cross Border Payment Links
By Editors | 08/11/2021
MAS and the BSP have agreed to pursue real time and QR payment systems links to enable instant, seamless and low-cost cross-border payments.
Structural Regulation
Philippines Streamlines Bank Merger Application Processes
By Editors | 07/11/2021
A five agency agreement will see documentary requirements cut in half and total processing times reduced from 160 to 55 business days.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.