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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Bangko Sentral ng Pilipinas
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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Higher range of ATM fees expected starting from April 7
Starting April 7 this year, banks shall adopt acquirer-based ATM fee charging (ABFC), which is one of the requirements of
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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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Partnership for Fishers’ Financial Education Launched
The Department of Agriculture through the Bureau of Fisheries and Aquatic Resources (DA-BFAR), the Bangko Sentral ng Pilipinas (BSP), BDO
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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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BSP introduces digital banking framework
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has approved the recognition of digital bank as a new
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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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BSP warns against online sellers of Brilliant Uncirculated 20-Piso coins
The Bangko Sentral ng Pilipinas (BSP) advises the public that it has not issued Brilliant Uncirculated 20-Piso coins. The BSP
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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 sets ceiling on credit card charges
The Monetary Board approved the setting of an annual interest rate ceiling of 24 percent on all credit card transactions
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BSP expands distribution channels of trust corporations for UITFs
The Bangko Sentral ng Pilipinas‘ (BSP’s) Monetary Board approved the guidelines that will allow trust corporations to distribute their UITFs
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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 releases more inclusive, secure banknotes
The Bangko Sentral ng Pilipinas (BSP) has launched enhanced Philippine banknotes that are more responsive to the needs of the
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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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