Five agencies including the BSP and SEC will have a total 55 business days to process merger, consolidation, acquisition applications from banks.
March 11, 2022The caps were prescribed to curb predatory and abusive practices by lending and financing companies including on online platforms.
March 8, 2022Compliance requires effective a management information system that enables independent validation and periodic independent review of reporting processes and procedures.
March 7, 2022This is the third green bond fund launched by the BIS. It will help channel central bank reserves to green projects in the Asia and Pacific region.
February 28, 2022Banks need BSP approval to enter into material outsourcing arrangements. They must also conduct periodic assessments to ensure outsourcing risks are properly managed.
February 28, 2022Lending to activities that are considered sustainable and environment-friendly will qualify FIs for incentives, such as preferential rediscount rates.
February 22, 2022The advisory comes in anticipation of an influx of financial activities that usually occur during elections. The Philippines has a general election on 8 May.
February 22, 2022The amendments aim to limit the coverage of officers requiring confirmation for appointment and to streamline documentary requirements.
February 21, 2022The proposed guidance seeks to operationalise a BSP circular which was implemented earlier this year to curb predatory lending practices.
February 10, 2022The DOJ and BAP will collaborate on stronger measures to combat online fraud, including to enhance enforcement and prosecution of cybercriminals.
February 7, 2022