ADVERTISEMENT
Enforcement
BSP Calls for Passage of New Financial Consumer Protection Act
By Mark Johnston | 24/01/2022
The Act establishes stronger protection standards for consumers, promotes transparent and responsible pricing, and give regulators more teeth.
Fintech / Regtech
BSP to Enhance Policy Formulation Through Big Data
By Editors | 19/01/2022
The BSP has partnered with the University of the Philippines to develop a News Sentiment Index, which will lead to more targeted policy formulation.
Capital / Liquidity
BSP Evaluates Sustainable Finance Incentives for Banks
By Mark Johnston | 18/01/2022
The BSP is considering using preferential rediscount rates and providing high value loans to help banks finance green loans and sustainable investments.
ESG / Sustainability
Philippine Govt Launches Sustainable Finance Framework
By Mark Johnston | 17/01/2022
The framework sets out a roadmap on how the government intends to raise green, social and sustainability bonds, loans, and other debt instruments in international capital markets.
BSP Allows More FIs to Engage in FX Transactions
By Editors | 11/01/2022
The amendments allow Islamic banks and digital banks to engage in FX transactions and streamline licensing requirements for banks.
Philippines Caps Charges Allowed on Small Value Loans
By Editors | 09/01/2022
The caps apply to the charges imposed on borrowers of small-value loans by lending firms, financing companies and online lending platforms.
AML / KYC
BSP Directs Banks to Help Curb Vote-Buying Ahead of National Election
By Editors | 05/01/2022
Banks should “at a minimum” consider four scenarios when calibrating their fraud management systems and account and transaction monitoring rules/parameters.
BSP to Enhance Bank Reporting of Credit, Equity Exposures
By Editors | 31/12/2021
Banks will pilot test the new submissions from February until May 2022, using data from the 30 June 2021 reporting period.
AML / KYC
BSP Identifies Other Banks, Non-banks Involved in BDO Hack
By Editors | 23/12/2021
A BSP task force will submit recommendations to the Monetary Board by mid-January 2022, which may include sanctions and penalties for the involved banks.
AML / KYC
BSP to Ensure Hacked BDO Accounts Are Reimbursed
By Mark Johnston | 15/12/2021
Some 700 customers of BDO Unibank have suffered losses due to a hack. The BSP said it will ensure remedial measures are undertaken.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team