Bangko Sentral ng Pilipinas

Market Infrastructure

Philippine Regulators Issue Guidelines on Streamlining Bank M&As

By Sanday Chongo Kabange | 10/03/2022

Five agencies including the BSP and SEC will have a total 55 business days to process merger, consolidation, acquisition applications from banks.

Philippine SEC Implements Caps on Loan Rates, Fees

By Mark Johnston | 07/03/2022

The caps were prescribed to curb predatory and abusive practices by lending and financing companies including on online platforms.

Market Infrastructure

BSP Approves Reporting Rules for Payment System Operators

By Mark Johnston | 07/03/2022

Compliance requires effective a management information system that enables independent validation and periodic independent review of reporting processes and procedures.

Securities / Derivatives

BIS Launches Green Bond Fund Dedicated to APAC Region

By Editors | 28/02/2022

This is the third green bond fund launched by the BIS. It will help channel central bank reserves to green projects in the Asia and Pacific region.

Market Infrastructure

BSP Issues Revised Outsourcing Rules for Banks

By Editors | 27/02/2022

Banks need BSP approval to enter into material outsourcing arrangements. They must also conduct periodic assessments to ensure outsourcing risks are properly managed.

ESG / Sustainability

BSP Calls on Banks to Adhere to Sustainable Finance Roadmap

By Mark Johnston | 22/02/2022

Lending to activities that are considered sustainable and environment-friendly will qualify FIs for incentives, such as preferential rediscount rates.

AML / KYC

Philippine AMLC Asks FIs to Guard Against Digital Vote-Buying

By Editors | 21/02/2022

The advisory comes in anticipation of an influx of financial activities that usually occur during elections. The Philippines has a general election on 8 May.

BSP Eases Confirmation Process for Bank Directors, Officers

By Editors | 20/02/2022

The amendments aim to limit the coverage of officers requiring confirmation for appointment and to streamline documentary requirements.

Philippine SEC Proposes Fee Cap Guidance for Lending Companies

By Sanday Chongo Kabange | 09/02/2022

The proposed guidance seeks to operationalise a BSP circular which was implemented earlier this year to curb predatory lending practices.