BSP approves reputational risk management guidelines

The Monetary Board approved the guidelines on reputational risk management which set out the supervisory expectations for Bangko Sentral ng

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BSP maintains ceilings on credit card transactions

The Monetary Board maintained the credit card ceilings on credit card transactions under Circular No. 1098 dated 24 September 2020. 

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BSP creates Payments and Currency Management Sector, names new deputy governor

The Bangko Sentral ng Pilipinas (BSP) has recently established the Payments and Currency Management Sector (PCMS) which is tasked to

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SEC releases draft implementing rules of FIST Act

The Securities and Exchange Commission (SEC) has released the draft Implementing Rules and Regulations (IRR) of Republic Act No. 11523,

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BSP allows lower minimum opening amount for investment management activities

The Monetary Board (MB) approved the reduction of the minimum account opening amount for investment management activities from P1 million

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BSP Establishes Guidelines on Virtual Asset Service Providers

The Monetary Board (MB) approved the guidelines on virtual asset service providers (VASP), or entities that facilitate financial services through

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Bangko Sentral ng Pilipinas Holds Virtual Financial Education Stakeholders Expo

The Bangko Sentral ng Pilipinas (BSP) opens the 3rd Financial Education Stakeholders Expo today (November 26, 2020). The Expo, conducted for

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SEC approves financial reporting framework for banks, other financial institutions

The Securities and Exchange Commission (SEC) has approved an industry-specific framework for the preparation of the audited financial statements (AFS)

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SEC urges capping of consumer and payday loan interest rates

The Securities and Exchange Commission (SEC) has hailed the central bank’s move to cap charges on credit card transactions, raising

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SEC issues cease and desist order against Forsage

The Securities and Exchange Commission (SEC) has ordered Forsage and Forsage Philippines to stop soliciting investments from the public through

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BSP advises consumers to practice cyber hygiene in online financial transactions

The Bangko Sentral ng Pilipinas (BSP) advises financial consumers to observe cyber hygiene when making online financial transactions. Cyber hygiene

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BSP reduces reserve requirements of thrift banks and rural and cooperative banks

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno announced a 100-basis-point reduction in the reserve requirements of thrift banks (TBs)

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Banked population is on the rise, latest BSP survey shows

The share of Filipino adults who own an account climbed to 29% in 2019 from 23% in 2017, according to

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