Financial institutions and fintech firms are invited to participate in the development of rules and standards for the Philippine Open Finance Pilot.
February 3, 2023The rules will implement the requirements of the Financial Products and Services Consumer Protection Act, which passed in May last year.
January 31, 2023The BSP says the higher caps will cushion the impact of inflationary pressure and interest rate hikes on banks and credit card issuers.
January 27, 2023The BSP is testing large value CBDC transactions among a limited number of FIs. A retail CBDC is not being explored.
January 20, 2023Banks won't need approval to exclude credit exposures from the SBL if they are covered by credit risk transfer arrangements such as guarantees or credit derivatives.
January 10, 2023Banks and NBFIs will have to notify the BSP within 24 hours after they become aware of any significant money laundering, terrorism financing, or proliferation financing risk event.
January 6, 2023The BSP and banking industry associations launched a new campaign to improve to cyber hygiene among financial customers.
January 6, 2023The Sustainable Central Banking strategy sets out the BSP’s approach to promoting sustainability in the financial system.
December 29, 2022Non-bank e-money issuers and other entities can become direct participants of the RTGS payment system without being sponsored by existing participants.
December 29, 2022Critics say the bill's timing is poor due to the country's lack of surplus funds, high national debt, large trade deficit, and other economic problems.
December 18, 2022