BANGKO SENTRAL NG PILIPINAS

Capital / Liquidity

Philippines to Implement New Credit Card Law

By Garima Chitkara | 07/05/2018

New law aims to increase competition by allowing non-bank entities to enter credit card business; includes greater safeguards for borrowers related to calculation of charges, unfair collection practices, and the use of customer data.

Fintech / Regtech

Philippines Launches Real Time E-Payments Platform InstaPay

By JP Reimann | 24/04/2018

Philippine central bank launch of InstaPay will enable real-time electronic fund transfers up to PHP50,000 per day through 20 participating institutions.

AML / KYC

Philippines Targets Retail Finance Digitalisation

By Garima Chitkara | 19/04/2018

BSP governor laid out the central bank’s regulatory priorities in fintech and regtech while revealing regulation around AML/KYC requirements and mitigating the risks surrounding data security.

Fintech / Regtech

Philippines to Strengthen Supervision Through Regtech

By Editors | 05/04/2018

BSP to adopt regtech solutions including API for electronic data submissions by FIs, chatbot for complaints to the regulator.

Market Infrastructure

Malaysia Foils Cyber Attack Involving Falsified SWIFT Messages

By Manesh Samtani | 01/04/2018

Unauthorised transactions were prevented by central bank, no financial losses occurred; near breach prompts increased vigilance in the Philippines.

Capital / Liquidity

Philippines to Implement Minimum Liquidity Ratio for Small Banks

By Garima Chitkara | 12/02/2018

Smaller banks subject to LCR of 100 percent if they are subsidiaries of larger banks and minimum liquidity ratio of 20 percent if standalone.

AML / KYC

Philippines Will Now Report Cross Border Banking Stats to BIS

By Editors | 17/01/2018

BSP has begun reporting international banking statistics from January 2018, having met BIS standards for completeness and quality.

Philippines Issues New Guidelines on Bank Stress Tests

By Editors | 26/12/2017

Central bank gives financial institutions two years to meet new risk management expectations.

Philippines Scraps Approval Rules on Private Sector FX Loans

By Editors | 26/12/2017

Loans not guaranteed by public sector entity now only need to be registered; Documentary requirements relaxed.