Bangko Sentral ng Pilipinas

Capital / Liquidity

2021 Outlook for BCBS 239 Compliance in Southeast Asia

By Irene Liu | 26/01/2021

PwC’s South East Asia Consulting team discusses progress made to comply with BCBS 239 in Southeast Asian jurisdictions, providing an outlook and recommendations for the year ahead.

AML / KYC

BSP Highlights AML Risks of Cash, Cross-Border Payments

By Editors | 24/01/2021

Suspected criminal proceeds mostly came from Australia, Germany, Singapore, the UK and the US. The top destinations of suspected illicit funds were Hong Kong, Singapore and the US.

Market Infrastructure

BSP Deploys New Supervisory Assessment Framework

By Editors | 12/01/2021

SAFr aims to facilitate forward-looking assessments of financial institutions and link their systemic importance and risk profile to the level of supervisory attention they receive.

Market Infrastructure

BSP Consults on Draft Policies to Strengthen Payment Systems

By Editors | 03/01/2021

The first draft policy covers governance policies for payment system operators. The second covers the local adoption of the PFMI for designated payment systems.

BSP Grants Foreign Banks Relief from Single Borrower’s Limit

By Editors | 02/01/2021

The measure is expected to help boost lending, bolster economic growth and diversify credit exposures, said BSP governor Benjamin Diokno.

Philippines: BSP to Standardise MSME Loan Applications

By Editors | 24/12/2020

A standard business loan application form will simplify and improve the application process, while also facilitating banks’ risk assessments and speeding up turnaround time.

Capital / Liquidity

BSP Deputy Governor Outlines Key Priorities for the Year Ahead

By Manesh Samtani | 07/12/2020

Deputy Governor Chuchi Fonacier spoke to Regulation Asia about planned measures to promote digital payments, help MSMEs, and further strengthen the banking sector.

Capital / Liquidity

BSP Issues Draft Rules for Islamic Bank Liquidity Management

By Editors | 29/11/2020

Due to the limited availability of liquidity management instruments which are appropriate for Islamic banks and banking units, the BSP will adopt a flexible approach to compliance.

Fintech / Regtech

Philippine Central Bank Introduces Digital Banking Framework

By Editors | 27/11/2020

Foreign individuals and non-bank corporations are allowed to hold up to 40% of a digital bank’s voting shares, while foreign banks are allowed to hold up to 100%.