Bangko Sentral ng Pilipinas

Credit Risk

BSP Relaxes Loan Classification Norms, MSME Loan Risk Weight

By Editors | 30/04/2020

The relaxation of loan classification norms and the lowering of credit risk weights on MSME loans will apply until end-December 2021.

Liquidity Risk

BSP Eases Asset Cover Rules for Banks’ FX Exposures

By Editors | 25/04/2020

Banks can offset foreign currency asset cover deficiency incurred on one or more days of the week with excess cover from other days of the same or immediately succeeding weeks.

Liquidity Risk

UPDATED – MSME Loans Can Be Counted Towards Reserve Requirements: BSP

By Editors | 20/04/2020

Loans granted to MSMEs can be counted as part of banks’ compliance with reserve requirements. Detailed guidelines will be issued in due course.

Liquidity Risk

BSP Announces New Measures to Support Domestic Liquidity

By Editors | 13/04/2020

The BSP will expand the eligible securities it can purchase in the secondary market to include all peso-denominated government securities, rather than just those that are highly traded and liquid.

Liquidity Risk

BSP Offers Banks Mark-to-Market Relief, Cuts Liquidity Requirements

By Editors | 08/04/2020

The accounting relief allows banks to effectively reverse unrealised losses resulting from a change in fair value. The MLR cut frees up almost $200mn for smaller lenders.

KYC & CDD

BSP Relaxes KYC Norms During Covid-19 Lockdown

By Editors | 01/04/2020

The move will facilitate the delivery of welfare funds to beneficiaries who have no available valid IDs or transactional account with any financial institution.

Liquidity Risk

BSP Announces RRR Cut, Lenders Asked to Grant Debt Relief

By Editors | 24/03/2020

The 200 basis point cut will release up to 200bn pesos in bank liquidity. Lenders are encouraged to continue lending and to offer debt relief to borrowers.

Liquidity Risk

Philippine Stocks Resume Trading, Central Bank Relaxes Regulations

By Editors | 19/03/2020

The BSP has cut interest rates and relaxed regulations on compliance reporting by banks, calculation of penalties on required reserves, and single borrower limits.

Trading & Investment

Philippine Markets Shut, Central Bank Promises Regulatory Relief

By Editors | 17/03/2020

The Philippines has halted stock, bond and currency trading ‘until further notice’. The BSP is urging banks to provide financial relief to customers and employees.