Bangko Sentral ng Pilipinas

Capital / Liquidity

Philippines Proposes Calamity Relief Framework for Non-Bank Lenders

By Sanday Chongo Kabange | 07/04/2026

The BSP has drafted rules allowing non-bank financial institutions to grant loan moratoriums and other relief measures in disaster-stricken areas.

Capital / Liquidity

BSP Proposes Flexible Terms for Salary-Based Loans

By Sanday Chongo Kabange | 07/04/2026

The central bank has issued a draft circular to replace prescriptive tenor limits with a principles-based approach tied to borrower creditworthiness.

Capital / Liquidity

Philippines Expands Granular Credit Reporting to More NBFIs

By Sanday Chongo Kabange | 07/04/2026

The BSP aims to enhance systemic risk surveillance by requiring more granular data from a wider range of financial institutions, with implementation set for late 2026.

Market Infrastructure

Philippines Finalises Stricter Rules for Payment System Disruptions

By Sanday Chongo Kabange | 03/04/2026

New rules impose a strict, time-bound framework for participants of the Peso RTGS, introducing a one-hour reporting deadline and a two-hour trigger for contingency plans.

Fintech / Regtech

BSP Expands Open Finance Pilot for Retirement Accounts

By Sanday Chongo Kabange | 13/03/2026

The move allows customers of four major financial institutions to open PERA accounts digitally by sharing data with a designated administrator.

Fintech / Regtech

Philippine Senate Approves Act on OFW Remittance Protection

By Sanday Chongo Kabange | 12/03/2026

The measure tasks regulators with setting a range for remittance fees and mandates financial literacy training for overseas workers.

Capital / Liquidity

BSP Overhauls Bank Reporting Rules, Sets New Penalties

By Sanday Chongo Kabange | 09/03/2026

The BSP has introduced a new governance framework, shortened submission deadlines, and revised penalties to improve the quality of bank data.

Fintech / Regtech

BSP Directs Banks to Shift to Biometrics, Phases Out SMS OTPs

By Sanday Chongo Kabange | 09/03/2026

New draft rules require banks to adopt server-side biometrics for high-risk transactions to combat fraud, linking compliance to liability.

AML / KYC

Philippines Drafts Protocol to Reverse Fraudulent Transactions

By Sanday Chongo Kabange | 05/03/2026

The industry-wide framework aims to provide clearer and more reliable timelines for recovering funds stolen through scams and cyberattacks.