The 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, 2019The 200 basis point RRR cut will take place over three phases by end-July, and free up an estimated $3.6bn in banking system liquidity.
May 17, 2019The blockchain powered ID registry will enable electronic KYC and make it easier for clients to access banking services.
April 1, 2019