Bangko Sentral ng Pilipinas

    image

    AML / KYC

    Philippines Steps Up Efforts to Exit FATF ‘Grey’ List

    By Ranamita Chakraborty | 20/06/2023

    The Philippines’ Anti-Money Laundering Council’s executive director Matthew M. David talks to Regulation Asia about its action plan to take the country out of the Financial Action Task Force’s ‘Grey’ List.

    image

    Fintech / Regtech

    BSP Proposes Enhance Guidelines for Electronic Fund Transfers

    By Editors | 15/06/2023

    In the event of unsuccessful transactions, financial institutions must return the amount to the sender within one hour.

    image

    Capital / Liquidity

    BSP Reduces Reserve Requirements for Banks, NBFIs

    By Sanday Chongo Kabange | 09/06/2023

    The BSP says the lower reserve requirements will help to ensure stable domestic liquidity and credit conditions.

    image

    Securities / Derivatives

    Philippines to Launch First Sovereign Wealth Fund by Year-end

    By Editors | 07/06/2023

    The Maharlika Investment Fund will be created by the end of this year, after the required legislation was passed by Congress last week.

    image

    AML / KYC

    FIs Must ‘Strictly’ Perform CDD on DNFBP Clients, BSP Says

    By Sanday Chongo Kabange | 04/06/2023

    CDD includes identifying and verifying the true identities and beneficial owners of DNFBP clients such as lawyers, accountants and real estate developers.

    image

    Big Picture

    BSP Addresses GCash Service Disruption, Unauthorised Transactions

    By Editors | 19/05/2023

    Phishing attacks where users shared their OTPs with scammers were the root cause behind unauthorised transactions at GCash.

    image

    Capital / Liquidity

    BSP Launches Credit Risk Scoring Model for MSMEs

    By Editors | 02/05/2023

    The CRD Scoring Model will help lenders analyse the creditworthiness of MSMEs, including those without credit histories or adequate collateral.

    image

    Securities / Derivatives

    BSP Streamlines and Expands Currency Hedging Facility

    By Editors | 30/04/2023

    The BSP approved amendments to make it easier for clients of large banks to hedge peso-US dollar exposures through NDFs.

    image

    AML / KYC

    BSP Issues Guidance on Effective Transaction Monitoring

    By Sanday Chongo Kabange | 27/04/2023

    The guidance calls on regulated financial institutions to bolster their TM systems, highlighting the importance of board of senior management involvement.

    image

    BSP Issues New Rules on Handling Financial Complaints

    By Sanday Chongo Kabange | 13/04/2023

    The new rules take effect on 1 May, requiring all regulated FIs to have a complaint handling mechanism and effectively handle consumer disputes.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team