BANGKO SENTRAL NG PILIPINAS

AML / KYC

BSP Pledges Stronger Financial Crime Safeguards

By Nithya Subramanian | 21/08/2025

The Philippines’ exit from global money laundering watchlists is expected to lower remittance costs, ease banking ties abroad, and boost investor confidence in its financial system.

Market Infrastructure

BSP Issues Rules to Keep Markets Open During Holidays

By Sanday Chongo Kabange | 20/08/2025

The new rules require payment systems, FX trading and clearing to continue on local holidays, with exceptions only for nationwide shutdowns.

Fintech / Regtech

BSP Orders Removal of Gambling Links from Banking Apps

By Sanday Chongo Kabange | 15/08/2025

The BSP has given financial institutions 48 hours to remove access to gambling sites from their mobile apps.

Market Infrastructure

Philippines Launches New Web-Based SME Credit Risk Platform

By Sanday Chongo Kabange | 12/08/2025

The BSP says the new web-based system aims to improve loan assessment and reduce collateral dependence using anonymised statistical data.

Fintech / Regtech

BSP to Impose Biometric Checks, Daily Caps on Gambling Payments

By Editors | 09/08/2025

New rules will require banks and e-wallets to implement stricter identity verification, transaction limits, and other controls to mitigate gambling-related financial harm.

Enforcement

Philippine Lawmaker Calls for Tighter Oversight of Digital Lending Apps

By Sanday Chongo Kabange | 04/08/2025

A senior senator has called for stricter regulation of digital financial platforms, citing their links to a surge in online gambling and cybercrime.

BSP to Ease Bancassurance Cross-selling Regulations

By Editors | 04/08/2025

New guidelines will end the exclusive in-house model, allowing banks to partner with multiple third-party insurers to increase market access.

Securities / Derivatives

BSP Launches Open Finance Pilot to Boost Retirement Funds

By Editors | 01/08/2025

The BSP has partnered with financial firms on a new framework to simplify access to voluntary retirement accounts.

ESG / Sustainability

BSP Issues New Guidance on Sustainable Finance Taxonomy

By Sanday Chongo Kabange | 31/07/2025

The BSP has released fresh clarifications for banks on the application of its green taxonomy framework.