Bangko Sentral ng Pilipinas

    Emerging Prudential Risks

    Philippines Moves to Cap Digital Reach of Rural Banks

    By Mark Johnston | 16/02/2026

    Accounts held by customers with registered addresses outside a rural bank's head office and branch locations will not be permitted to exceed 30 percent of total customer accounts.

    KYC & CDD

    BSP Eases Large Cash Transaction Rules After Business Lobbying

    By Sanday Chongo Kabange | 12/02/2026

    The BSP has introduced risk-based flexibilities for due diligence on large cash withdrawals following concerns from businesses about operational disruptions.

    Payments & Settlements

    Bank Indonesia Joins Nexus Project to Strengthen Cross-Border Payments

    By Nithya Subramanian | 04/02/2026

    Joining the BIS-led initiative will help lower costs, improve speed and expand access to international transfers by linking domestic instant payment systems across borders.

    Cryptocurrency

    Philippines Bans Banks From Dealing with Unregistered Crypto Firms

    By Sanday Chongo Kabange | 03/02/2026

    New rules prohibit dealings with unlicensed virtual asset service providers and restrict retail customer access to offshore platforms.

    Climate Risk

    BSP Taps Space Agency to Integrate Satellite Data into Financial Supervision

    By Mark Johnston | 03/02/2026

    The BSP will use geospatial tools to monitor physical risk exposures, inflation drivers and disaster impacts on economic stability.

    Structural Regulation

    Philippines to Name Successful Digital Bank Applicants Within Q1

    By Sanday Chongo Kabange | 29/01/2026

    The BSP is reviewing applicants for four new licences, aiming to lower costs, streamline services, and enhance financial inclusion with fresh competition.

    Structural Regulation

    Philippines SEC Mulls Lifting Moratorium on New Online Lenders

    By Sanday Chongo Kabange | 23/01/2026

    The SEC is studying an end to its 2021 ban but plans to introduce higher capital requirements and other consumer protection measures.

    Capital Adequacy

    Philippines Mandates Digital Submission for Banks' Regulatory Relief Reports

    By Sanday Chongo Kabange | 23/01/2026

    Banks availing of specific relief measures must now submit supplemental financial and capital adequacy reports via the central bank's PRIME platform.

    Sustainable Finance

    Philippines Central Bank Extends Green Lending Incentives for Banks

    By Sanday Chongo Kabange | 13/01/2026

    The BSP has prolonged measures allowing higher lending limits and reserve exemptions for sustainable projects to support the country's climate transition.

    Anti-Money Laundering

    New BSP Paper Argues Against Demonetisation to Fight Crime

    By Manesh Samtani | 31/12/2025

    Discussion paper calls demonetisation a "blunt instrument" and urges broader institutional reforms to fight financial crime.

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