The BSP is considering using preferential rediscount rates and providing high value loans to help banks finance green loans and sustainable investments.
January 19, 2022A BSP task force will submit recommendations to the Monetary Board by mid-January 2022, which may include sanctions and penalties for the involved banks.
December 23, 2021EMI licence applications received from non-bank institutions will be processed until 15 December on a first-come, first-served basis.
November 23, 2021Banks have six months to enable capabilities to generate XML reports and ensure appropriate personnel is in place.
October 14, 2021The BSP has now granted three digital bank licences to date, two of which are conversions from other types of banking licences.
June 9, 2021Incorrect 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, 2021Under the digital banking framework approved by the BSP in November, the number of digital bank licences is capped at five.
April 26, 2021Bank capital adequacy could fall to 11.7% by 2022 in a baseline scenario, 9.3% in an adverse scenario, and 4.9% in a severe adverse scenario.
April 20, 2021Deputy Governor Chuchi Fonacier spoke to Regulation Asia about planned measures to promote digital payments, help MSMEs, and further strengthen the banking sector.
December 7, 2020The regular reports will guide the degree of the central bank's supervisory engagement with individual institutions, BSP deputy governor Chuchi Fonacier told Regulation Asia.
November 23, 2020