BANGKO SENTRAL NG PILIPINAS

Capital / Liquidity

BSP Excludes Interbank Borrowings from Reserve Calculations

By Editors | 25/11/2019

“The exclusion of these types of borrowings from the reserve base of banks and quasi-banks will result in freed-up liquidity for lending or investment activities,” the BSP said.

Capital / Liquidity

Philippines Mulls Imposing Limits on Lending Rates, Fees

By Editors | 30/10/2019

The BSP is considering placing limits on the interest rates and other fees lenders and finance companies can charge borrowers in response to a request from the SEC.

Capital / Liquidity

BSP Announces New Round of Reserve Requirement Cuts

By Editors | 25/10/2019

The fresh 100bp RRR cut follows a 100bp cut announced last month and a three-step 200bp cut from May to July this year.

AML / KYC

Philippines to Start Issuing New National IDs in April

By Editors | 24/10/2019

The new IDs will make it easier for the unbanked to open accounts and avail of financial financial services, said BSP governor Benjamin Diokno.

Market Infrastructure

Philippines to Adopt QR Codes for Payments Nationally

By Editors | 24/10/2019

Once the national QR code standard is established, bank and non-bank payment providers will have 30 days for adoption. Those already offering QR-enabled payments will have until mid-2020.

Fintech / Regtech

Suptech Gains Momentum but Approaches Vary: FSI Paper

By Editors | 23/10/2019

Suptech use cases have mainly clustered around misconduct analysis, reporting and data management, according a new paper from the BIS Financial Stability Institute.

Capital / Liquidity

BSP Reduces Reserve Requirement for Bank Bonds

By Editors | 18/10/2019

The move to lower is aimed at deepening the debt market and reducing the intermediation cost that bond issuers could pass on to bond holders.

Capital / Liquidity

Philippines: BSP Approves Amended D-SIBs Framework

By Editors | 16/10/2019

A bank’s size and interconnectedness will be given greater importance in the assessment to determine its systemic importance in the Philippines.

AML / KYC

Philippines Makes Push to End Bank Secrecy

By Editors | 15/10/2019

BSP governor Benjamin Diokno has said the central bank wants to help convince lawmakers of the importance of lifting bank secrecy as part of a bill to grant amnesty to errant taxpayers.