The BSP said it has completed its investigation into the incident and sanctioned both BDO Unibank and UBP, but it did not specify the penalties.
May 4, 2022The DOJ and BAP will collaborate on stronger measures to combat online fraud, including to enhance enforcement and prosecution of cybercriminals.
February 7, 2022The MoU aims to formalise the establishment of a collective, coordinated, and strategic cyber response within the banking industry.
January 4, 2022Some 700 customers of BDO Unibank have suffered losses due to a hack. The BSP said it will ensure remedial measures are undertaken.
December 16, 2021Banks have to integrate environmental and social risk in their risk management frameworks and when defining their credit strategy.
October 31, 2021The Senate is considering a bill to double the maximum deposit insurance limit to PHP 1 million per depositor.
March 29, 2021Effective from 3 November, credit card issuers can charge a maximum 2% per month on unpaid outstanding credit card balances.
September 27, 2020The BSP says it is looking to impose a maximum finance charge equivalent to an effective annual interest rate of 24 percent for credit card cash advances and installment purchases.
September 1, 2020The BSP said the revised measures are intended to provide credit and help ease the financial burden of firms heavily affected by the Covid-19 pandemic.
May 30, 2020BSP supervised financial institutions are asked to participate in the BAPCID, a platform for sharing cyber threat information and best practices.
June 18, 2019