Bangko Sentral ng Pilipinas

Market Infrastructure

BSP Issues Updated Credit Data Reporting Guidelines for FIs

By Sanday Chongo Kabange | 20/06/2025

Banks and trust corporations are required to submit COCREE 2.0 monthly for reporting periods from 30 April 2025 onwards.

Fintech / Regtech

BSP Proposes Model Risk Management Guidelines for FIs

By Sanday Chongo Kabange | 20/06/2025

The BSP has proposed model risk management guidelines for financial institutions to enhance operational resilience and mitigate potential losses.

Philippines: New Rural Bank Emerges from Four-Entity Merger

By Sanday Chongo Kabange | 18/06/2025

The BSP said Agribank has started operations, representing the combined entity following a merger of four agricultural rural banks.

AML / KYC

EU Commission Updates List of High-Risk Jurisdictions

By Manesh Samtani | 12/06/2025

Laos and Nepal were added, while the Philippines and the UAE were removed. The updated list takes into account the FATF’s work and its grey list.

Crypto / Digital Assets

First PHP Stablecoin Advances Past Regulatory Sandbox Pilot

By Editors | 11/06/2025

Philippine fintech Coins.ph said PHPC is exiting the regulatory sandbox and is now positioned for broader adoption across multiple use cases.

Market Infrastructure

BSP Proposes Amendments to Disaster Relief Policy for Banks

By Sanday Chongo Kabange | 05/06/2025

The relief policy includes waivers of penalties for late filings, extensions for regulatory reporting deadlines, and deferral of examinations.

Capital / Liquidity

BSP Proposes Revised Basel III Operational Risk Rules for Banks

By Sanday Chongo Kabange | 05/06/2025

The draft rules outline updated standards for operational risk capital, replacing existing approaches with a single “business indicator” metric.

AML / KYC

Scam Liability in Asia: A Spectrum of Policies, One Common Fight

By Anurag Mohapatra | 04/06/2025

Asia’s diverse anti-scam policies reflect local contexts, Anurag Mohapatra writes, highlighting the need for trust, coordination, and accountability.

AML / KYC

BSP Approves Rules to Implement New Anti-Scam Law

By Sanday Chongo Kabange | 03/06/2025

BSP approved changes to rules on freezing of suspicious funds, account information sharing, and IT risk management.