Bangko Sentral ng Pilipinas

AML / KYC

BSP Inks Info-Sharing Agreements with Other Agencies to Combat Scams

By Sanday Chongo Kabange | 23/02/2026

The agreements, based on the new Anti-Financial Account Scamming Act, aim to speed up investigations while upholding existing bank secrecy safeguards.

Capital / Liquidity

Philippines Central Bank to Cut Reserve Ratios, Overhaul Reporting

By Sanday Chongo Kabange | 16/02/2026

New rules effective 27 February will reduce reserve requirements on certain liabilities and consolidate multiple reports into a single weekly submission for banks and quasi-banks.

Fintech / Regtech

Philippines Moves to Cap Digital Reach of Rural Banks

By Mark Johnston | 16/02/2026

Accounts held by customers with registered addresses outside a rural bank's head office and branch locations will not be permitted to exceed 30 percent of total customer accounts.

AML / KYC

BSP Eases Large Cash Transaction Rules After Business Lobbying

By Sanday Chongo Kabange | 12/02/2026

The BSP has introduced risk-based flexibilities for due diligence on large cash withdrawals following concerns from businesses about operational disruptions.

Crypto / Digital Assets

Philippines Bans Banks From Dealing with Unregistered Crypto Firms

By Sanday Chongo Kabange | 03/02/2026

New rules prohibit dealings with unlicensed virtual asset service providers and restrict retail customer access to offshore platforms.

ESG / Sustainability

BSP Taps Space Agency to Integrate Satellite Data into Financial Supervision

By Mark Johnston | 03/02/2026

The BSP will use geospatial tools to monitor physical risk exposures, inflation drivers and disaster impacts on economic stability.

Fintech / Regtech

Philippines to Name Successful Digital Bank Applicants Within Q1

By Sanday Chongo Kabange | 29/01/2026

The BSP is reviewing applicants for four new licences, aiming to lower costs, streamline services, and enhance financial inclusion with fresh competition.

Fintech / Regtech

Philippines SEC Mulls Lifting Moratorium on New Online Lenders

By Sanday Chongo Kabange | 23/01/2026

The SEC is studying an end to its 2021 ban but plans to introduce higher capital requirements and other consumer protection measures.

Fintech / Regtech

Philippines Mandates Digital Submission for Banks' Regulatory Relief Reports

By Sanday Chongo Kabange | 23/01/2026

Banks availing of specific relief measures must now submit supplemental financial and capital adequacy reports via the central bank's PRIME platform.