BANGKO SENTRAL NG PILIPINAS

Capital / Liquidity

BSP Announces New Round of Reserve Requirement Cuts

By Editors | 25/10/2019

The fresh 100bp RRR cut follows a 100bp cut announced last month and a three-step 200bp cut from May to July this year.

AML / KYC

Philippines to Start Issuing New National IDs in April

By Editors | 24/10/2019

The new IDs will make it easier for the unbanked to open accounts and avail of financial financial services, said BSP governor Benjamin Diokno.

Market Infrastructure

Philippines to Adopt QR Codes for Payments Nationally

By Editors | 24/10/2019

Once the national QR code standard is established, bank and non-bank payment providers will have 30 days for adoption. Those already offering QR-enabled payments will have until mid-2020.

Fintech / Regtech

Suptech Gains Momentum but Approaches Vary: FSI Paper

By Editors | 23/10/2019

Suptech use cases have mainly clustered around misconduct analysis, reporting and data management, according a new paper from the BIS Financial Stability Institute.

Capital / Liquidity

BSP Reduces Reserve Requirement for Bank Bonds

By Editors | 18/10/2019

The move to lower is aimed at deepening the debt market and reducing the intermediation cost that bond issuers could pass on to bond holders.

Capital / Liquidity

Philippines: BSP Approves Amended D-SIBs Framework

By Editors | 16/10/2019

A bank’s size and interconnectedness will be given greater importance in the assessment to determine its systemic importance in the Philippines.

AML / KYC

Philippines Makes Push to End Bank Secrecy

By Editors | 15/10/2019

BSP governor Benjamin Diokno has said the central bank wants to help convince lawmakers of the importance of lifting bank secrecy as part of a bill to grant amnesty to errant taxpayers.

Capital / Liquidity

Philippines Amends Framework for Identifying D-SIBs

By Editors | 04/10/2019

The BSP will give more importance to a bank’s size and interconnectedness when deciding which lenders should be classified as D-SIBs.

Fintech / Regtech

BSP Streamlines Rules for Payment System Operators

By Editors | 03/10/2019

The Philippine central bank has simplified the registration process for payment system operators, and created a new consolidated manual of regulations to facilitate compliance.