Binance is in late stage talks to buy a Philippine company that already has VASP and electronic money issuer licences.
September 22, 2022Trust entities seeking to create certain types of unit investment trust funds for the first time will be required to secure BSP approval.
September 17, 2022The regulatory sandbox framework will enable the BSP to balance the perceived benefits of emerging technologies against the need to manage their risks.
September 14, 2022The guidance sets out the BSP’s regulatory expectations and identifies emerging typologies, including the use of virtual assets to finance terrorism.
September 9, 2022The PHP 10 million minimum capital requirement was raised to PHP 50 million, which is less than was proposed in May.
September 7, 2022The first supervisory college focusing on financial conglomerates concluded in June. The second supervisory college will commence in October.
September 6, 2022The guidelines set out the criteria banks should use to assess economic interdependence between connected counterparties, among other requirements.
September 1, 2022UnionBank has also been exploring other uses of blockchain technology, as it seeks to future-proof its business and expand its metaverse footprint.
August 30, 2022Banks whose investments are exposed to material environmental and social risks should adopt appropriate tools and metrics to assess, measure, and monitor these risks.
August 30, 2022BSP senior assistant governor Elmore Capule told a Senate Committee the BSP is looking for a "limited relaxation of the bank secrecy laws".
August 27, 2022