Bangko Sentral ng Pilipinas

Capital / Liquidity

Philippine Central Bank Warns on VM Liquidity Risk

By Samuel Riding | 15/02/2017

BSP urges banks to assess readiness to comply, evaluate impact on operational risk.

AML / KYC

BSP Sets Virtual Currency Exchange Rules

By Samuel Riding | 09/02/2017

New guidelines aim to regulate digital currencies used in financial services delivery to curb AML, CTF.

Capital / Liquidity

Philippines Central Bank Governor Declines Reappointment

By Samuel Riding | 08/02/2017

Amando Tetangco has served for 12 years; 3 monetary board members to also step down.

AML / KYC

Philippine AMLC Chief Quits

By Samuel Riding | 01/02/2017

Resignation follows last year’s harsh criticism from president Duterte.

AML / KYC

Philippines Tightens Money Service Rules

By Samuel Riding | 23/01/2017

New rules limit cash transactions, require compliance with Anti-Money Laundering Act provisions.

AML / KYC

Philippine Authorises ‘Cash Agents’ in Financial Inclusion Drive

By Samuel Riding | 20/01/2017

Banks will be allowed to use off-site agents, including at convenience stores, to provide withdrawals, conduct KYC.

Market Infrastructure

Philippines Shuts 1st Rural Bank in 2017

By Samuel Riding | 16/01/2017

There are still 471 rural lenders left as BSP efforts to rationalise sector continue.

Capital / Liquidity

Philippine Banks Miss Agriculture Loan Target

By Samuel Riding | 04/01/2017

Loan allocation of 13.92% to the sector falls well short of 25% required.

Capital / Liquidity

Philippines Defers Full Adoption of Basel 3 Leverage Ratio

By Samuel Riding | 03/01/2017

Central bank says delayed implementation will allow banks to calibrate exposures.