The BSP, SEC, PDIC, and Insurance Commission have agreed to establish a supervisory college for financial conglomerate supervision.
February 4, 2022The law empowers financial regulators to enforce standards of business conduct by financial entities and adjudicate on consumer complaints.
February 3, 2022The open finance roadmap paves the way for greater collaboration and data sharing between FIs and fintechs, which will help boost financial inclusion.
February 3, 2022"RING" stands for Risk management guidelines, Integrity, New technologies, and Governance standards, said BSP governor Benjamin Diokno
January 28, 2022The change increases PESONet's daily batch settlement to two cycles, enabling better risk management for FIs and greater convenience for customers.
January 27, 2022The Act establishes stronger protection standards for consumers, promotes transparent and responsible pricing, and give regulators more teeth.
January 24, 2022The BSP has partnered with the University of the Philippines to develop a News Sentiment Index, which will lead to more targeted policy formulation.
January 19, 2022The BSP is considering using preferential rediscount rates and providing high value loans to help banks finance green loans and sustainable investments.
January 19, 2022The amendments allow Islamic banks and digital banks to engage in FX transactions and streamline licensing requirements for banks.
January 12, 2022The caps apply to the charges imposed on borrowers of small-value loans by lending firms, financing companies and online lending platforms.
January 10, 2022