Participating financial institutions will test the use of wholesale CBDC technology alongside PhilPaSSplus in a sandbox environment.
September 10, 2023The BSP has asked Saudi Arabian banks to help promote and develop Islamic banking and finance in the Philippines.
September 8, 2023The inclusion of the SBV has increased the Regional Payment Connectivity group from five to six ASEAN central banks.
August 28, 2023Becoming a PRI signatory will help the BSP enhance its integration of ESG factors in its investment process and decision-making.
August 22, 2023A soft launch of the new data collection system will be in January 2024. Full implementation is set for April 2024.
August 22, 2023The BSP specifies a one-year transition period to allow unit investment trust funds to review their benchmarks and make changes where needed.
August 14, 2023BSP officials and members of the banking community attended a Regulation Asia-Adenza roundtable to discuss new XML-based reporting requirements in the Philippines.
July 19, 2023The BSP is collaborating with scientists to develop a metric that will be used to score banks on their efforts to fight climate change.
July 15, 2023Financial institutions should be able to demonstrate that they can continue to render critical operations through significant disruptions.
July 14, 2023The draft circular sets out the criteria and approval process for bank stockholders, aiming to ensure their fitness and propriety.
July 13, 2023