The software will streamline and automate regulatory supervision, reporting and compliance assessment of banks’ cybersecurity risk management.
September 6, 2022All government departments and agencies, state universities and colleges, and state-owned or controlled corporations will have to implement digital payments.
August 25, 2022Finance Secretary Benjamin Diokno directed the SEC to use digital technologies to improve monitoring, build investor trust, protect the investing public, and better serve the economy.
July 22, 2022The BSP plans to start using big data sources and applications in 2023, starting with an index that will analyse online news to gauge the sentiment.
June 17, 2022The SRCM framework sets out how the FSCC should intervene in the event of a potential systemic risk that could negatively affect the macroeconomy.
June 15, 2022The 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, 2022Project CBDCPh will test the use of a wholesale CBDC for large-value financial transactions across a limited number of financial institutions.
April 28, 2022The BSP is looking to explore the use of CBDC in account-based distribution of cash assistance, as well as in cross-border money transfers.
March 16, 2022Lending to activities that are considered sustainable and environment-friendly will qualify FIs for incentives, such as preferential rediscount rates.
February 22, 2022The BSP, SEC, PDIC, and Insurance Commission have agreed to establish a supervisory college for financial conglomerate supervision.
February 4, 2022