Bangko Sentral ng Pilipinas

Securities / Derivatives

Philippines: Trust Entities Allows to Access Primary Market for BSP Securities

By Mark Johnston | 01/12/2023

Trust entities have so far only been able to trade BSP securities in the secondary market. The change will help expand the investor base and market liquidity.

Capital / Liquidity

BSP Approves Rules for New Intraday Settlement Facility

By Editors | 13/11/2023

The facility will allow eligible participants to borrow funds from the BSP to ensure timely execution of RTGS settlements.

Crypto / Digital Assets

UnionBank Becomes First Philippine Bank to Obtain VASP Licence

By Editors | 31/10/2023

The bank said it will use the new licence to expand its offerings and provide clients a broader range of financial services powered by blockchain.

Fintech / Regtech

BSP Set to Launch Pilot Testing for New ITRS

By Sanday Chongo Kabange | 27/10/2023

The BSP has started sending banks XML schema definitions for its new International Transactions Reporting System.

AML / KYC

BSP Highlights Importance of PEPs Due Diligence

By Sanday Chongo Kabange | 11/10/2023

Domestic and international organisation PEPs, unlike foreign PEPs, are not automatically considered as high risk.

Big Picture

The Philippines Banks on Cloud Adoption for Operational Resilience

By Ranamita Chakraborty | 11/10/2023

BSP’s Jovelyn Hao shares at a conference how the Philippine central bank sees cloud adoption as an enabler for banks’ operational resilience.

AML / KYC

Philippine SEC Stresses Need for CDD on DNFBP Clients

By Sanday Chongo Kabange | 26/09/2023

Regulated firms that don’t identify and verify the true identity of DNFBP clients and their beneficial owners may face enforcement action.

AFI Members Sign ‘Manila Manifesto’ to Boost Financial Inclusion

By Mark Johnston | 14/09/2023

Members of the Alliance for Financial Inclusion pledged to work with global standard setters to promote financial inclusion.

Crypto / Digital Assets

BSP Announces Key Technology Decision for CBDC Pilot

By Sanday Chongo Kabange | 10/09/2023

Participating financial institutions will test the use of wholesale CBDC technology alongside PhilPaSSplus in a sandbox environment.