Banks and NBFIs will have to notify the BSP within 24 hours after they become aware of any significant money laundering, terrorism financing, or proliferation financing risk event.
January 6, 2023Non-bank e-money issuers and other entities can become direct participants of the RTGS payment system without being sponsored by existing participants.
December 29, 2022Bank exposures to NBFIs, particularly highly leveraged firms, could lead to excessive risk concentration and potential liquidity issues.
November 30, 2022The amendments target terrorist and proliferation financing and are aimed at helping the Philippines secure its removal from the FATF grey list.
November 11, 2022Citizen's charters should be displayed on the websites of banks and NBFIs, as well as in their head offices and every branch.
October 25, 2022Banks and NBFIs can issue and invest in green bonds subject to meeting prudential, reporting and disclosure requirements.
September 24, 2022Regulators will also prepare additional market stabilisation measures in case it becomes necessary to put them into operation quickly.
September 2, 2022The move is aimed at strengthening corporate governance, following a string of frauds and loan scandals in the NBFI sector.
September 1, 2022Environmental and social impact assessments will have to be arranged by borrowers and submitted with their loan applications.
July 12, 2022PK Halder has been on the run since 2019 after allegedly defrauding multiple NBFIs in Bangladesh of more than $280,000.
May 23, 2022