All posts tagged "BSP"
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12Asia-PacificBSP Grants Fourth Digital Bank Licence to UnionBank
UnionBank is the latest to receive the licence after Landbank's Overseas Filipino Bank, Tonik Bank, and UNOBank.
July 31, 2021 -
79Asia-PacificPhilippines Expects More Entrants to Digital Banking Scene
Tencent-backed Voyager Innovations, Philippine National Bank, RCBC, South Africa's TymeBank, UnionBank, and EastWest Bank are among the applicants.
July 2, 2021 -
116Asia-PacificBSP Unveils Open Finance Framework, Plans Tiered Implementation
The framework promotes consent-driven data portability, interoperability, and collaborative partnerships between FIs and fintech players, the BSP said.
June 24, 2021 -
95AML / KYCPhilippine SEC Backs Amendments to Bank Secrecy Law
Bank secrecy has prevented the SEC from validating information and establishing the owners of bank accounts linked to securities violations.
June 21, 2021 -
145Asia-PacificBSP to Issue Strict Regulations On ‘Digital Bank’ Branding
Banks that do not meet specified conditions are prohibited from marketing themselves as digital banks, the BSP said in a circular.
June 18, 2021 -
170Asia-PacificBSP Issues Two New Digital Bank Licences
The BSP has now granted three digital bank licences to date, two of which are conversions from other types of banking licences.
June 9, 2021 -
118Asia-Pacific
Philippine FSCC Identifies Leverage as Key Downside Risk
Cross-border effects are creating a layer of risks on top of scars that Covid has already inflicted on the domestic economy, the FSCC says.
June 8, 2021 -
99Asia-Pacific
BSP Raises Bank Limits on Open FX Positions
The BSP has raised the limit as part of a larger set of amendments to the framework for the management of banks' open FX positions.
June 8, 2021 -
110AML / KYC
BSP Orders Banks to Enhance STR Filing Processes
Incorrect STR filings, as identified by the AMLC in a recent review, could downplay the risk and prioritisation of STRs, particularly when they involve high-risk crimes.
June 7, 2021 -
104Asia-Pacific
BSP Outlines Expectations for Banks on Sustainable Finance
Banks must establish environmental and social risk management systems and disclose their sustainability initiatives in their annual reports.
June 4, 2021
