Bangko Sentral ng Pilipinas

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.

AML / KYC

Philippine Central Bank Updates Rules on KYC, AML

By Editors | 03/12/2018

The BSP will require financial institutions to collect customers’ unique ‘PhilSys’ ID numbers, and allow the use of technology to capture and record personal data.

Securities / Derivatives

Philippines Enhances Fair Value Pricing of Financial Instruments

By Editors | 16/11/2018

The new guidelines tweak rules on marking to market to align with international standards, promote transparency and confidence in the markets, and encourage active market trading.

Market Infrastructure

Philippines Passes Bill Appointing Central Bank As Payments Regulator

By Garima Chitkara | 30/08/2018

BSP appointed as payments regulator in the Philippines to ensure safe and efficient functioning of the country’s payments system, promote interoperability among payment networks and incorporate digital payments.

Market Infrastructure

BSP Unveils First Financial Stability Report

By Garima Chitkara | 30/08/2018

Inaugural financial stability report focuses on impact of higher interest rates and weakening EM currencies on outstanding debt. It also looks at potential financial stability implications from fintech and ASEAN integration.