Bangko Sentral ng Pilipinas

Market Infrastructure

Philippines to Enhance Supervision of Financial Conglomerates

By Editors | 04/02/2022

The BSP, SEC, PDIC, and Insurance Commission have agreed to establish a supervisory college for financial conglomerate supervision.

Enforcement

Philippines Passes New Financial Consumer Protection Act

By Editors | 02/02/2022

The law empowers financial regulators to enforce standards of business conduct by financial entities and adjudicate on consumer complaints.

Fintech / Regtech

BSP Launches Open Finance Roadmap, Financial Inclusion Strategy

By Editors | 02/02/2022

The open finance roadmap paves the way for greater collaboration and data sharing between FIs and fintechs, which will help boost financial inclusion.

ESG / Sustainability

BSP Implementing “RING” Approach to Protect Financial System

By Editors | 27/01/2022

“RING” stands for Risk management guidelines, Integrity, New technologies, and Governance standards, said BSP governor Benjamin Diokno

Market Infrastructure

BSP Introduces Multiple Batch Settlement to PESONet

By Ranamita Chakraborty | 26/01/2022

The change increases PESONet’s daily batch settlement to two cycles, enabling better risk management for FIs and greater convenience for customers.

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.