BANGKO SENTRAL NG PILIPINAS

Market Infrastructure

BSP Eyes Oversight Extension to Cover Banking Conglomerates

By Editors | 07/03/2019

The BSP gained sweeping new powers last month, but it did not gain the oversight authority over conglomerates that own or control Philippine banks.

Philippine President Selects Budget Secretary as New BSP Chief

By Editors | 05/03/2019

Benjamin Diokno will replace the late Nestor Espenilla as the new central bank chief. Observers had expected one of the three deputy governors to be named.

Big Picture

S&P Upgrades Philippine Banking System Following New BSP Charter

By Editors | 04/03/2019

The new charter bolsters the BSP’s powers to exercise its core mandate of promoting a sound financial system and address risks arising from the financial system’s interconnectedness.

Fintech / Regtech

BSP Streamlines Licensing Process e-Financial Services Firms

By Editors | 25/02/2019

The move is in line with BSP’s reform agenda to promote digital innovation and increase availability of safer and more efficient channels for financial services.

Market Infrastructure

Philippines Expands Central Bank Supervisory Powers

By Editors | 18/02/2019

Amendments to the BSP’s charter will boost its capitalisation and extend its supervisory remit to all financial institutions in the country.

Philippine Banks Required to Report on Deposit, Loan Rates

By Editors | 08/02/2019

Bank interest rates on loans and deposits will be published to allow consumers to compare costs, and to enhance the BSP’s monitoring and analysis.

BSP Eases Licensing for Banks Seeking Special Authorities

By Editors | 06/02/2019

Business decisions made largely as part of managing regular operations will no longer require the BSP’s approval.

Capital / Liquidity

Philippine Central Bank Revises Computation of Banks’ Net Worth

By Editors | 23/01/2019

The Philippines has changed its rules for calculating bank capital to better reflect asset quality and align with computations used for capital adequacy.

Capital / Liquidity

Philippine Banking System Stable Despite Outside Challenges

By Editors | 07/01/2019

The Philippine banking system “remained robust and continued to exhibit strong capital position and sustained growth in core earnings”, says BSP deputy governor Chuchi Fonacier.