BANGKO SENTRAL NG PILIPINAS

Securities / Derivatives

BSP to Ease Rules on Cross-Selling Financial Products

By Sanday Chongo Kabange | 25/11/2024

The revised regulations will allow the cross-selling of financial products, including insurance and mutual funds, within financial conglomerates.

Market Infrastructure

Philippines Launches Peso Interest Rate Swaps Market

By Sanday Chongo Kabange | 18/11/2024

The PESO IRS market will help deepen the capital market, boost trading and liquidity, and promote the development of yield curves.

ESG / Sustainability

BSP Issues Adoption Guidance for Sustainable Finance Taxonomy

By Sanday Chongo Kabange | 14/11/2024

The guidelines help banks assess whether economic activities contribute to SFTG environmental objectives and meet the DNSH and other criteria.

Enforcement

BSP to Probe GCash Over Unauthorised Deductions

By Sanday Chongo Kabange | 12/11/2024

The unauthorised deductions incident was attributed to a “system error”, but the BSP has vowed to investigate.

BSP, Banque de France Sign MOU on Currency Operations

By Sanday Chongo Kabange | 08/11/2024

The MOU enables BSP and BdF to share best practices and expertise on currency management and operations, and cooperate on digital payments.

Market Infrastructure

BSP Issues New Operational Resilience Requirements for FIs  

By Sanday Chongo Kabange | 07/11/2024

Larger FIs have two years to develop and integrate operational resilience frameworks into their governance structures and risk management processes.

ESG / Sustainability

BSP Invites Indonesia, Malaysia to Explore Philippine Islamic Finance Sector

By Sanday Chongo Kabange | 07/11/2024

The BSP has been engaging with FIs in Indonesia and Malaysia about exploring opportunities in the Philippines Islamic finance sector.

Fintech / Regtech

New Project Nexus Entity to be Established in Singapore

By Editors | 07/11/2024

The new management entity will oversee the live implementation of the Nexus operational model, which involves linking instant payment systems.

Crypto / Digital Assets

BSP Grants Virtual Assets Authorisation to GoTyme Bank

By Sanday Chongo Kabange | 30/10/2024

GoTyme is only the second bank to be given authorisation to explore the potential introduction of digital asset services for customers.