With increased online transactions due to the holidays, the Bangko Sentral ng Pilipinas (BSP) is reminding banks to remain vigilant against cyber attacks, specifically phishing or the fraudulent acquisition of sensitive data or information. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E....
The Bangko Sentral ng Pilipinas (BSP) is allowing universal and commercial banks to electronically submit six foreign exchange (FX) transaction documents to lessen risks of COVID-19 transmission in the handling of hardcopy. Based on a new memo (BSP Memorandum Order No. M-2020-089) that BSP Deputy...
The Bangko Sentral ng Pilipinas (BSP) is proposing the creation of an Open Finance Oversight Committee (OFOC), an industry-led self-governing body, as part of the country’s open finance framework. BSP Governor Benjamin E. Diokno ( Bloomberg file photo) Based on the draft circular on open finance,...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the improved external sector accounts in the third quarter compared to the second quarter suggests that the worst is indeed over as far as the country’s inflows are concerned. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E....
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) cut the overnight reverse repurchase (RRP) facility by 25 basis points (bps) to two percent – the lowest policy rate on BSP record -- to boost market confidence and in support of economic recovery amid uncertainties of a...
It has come to this. The Bangko Sentral ng Pilipinas (BSP) wants to make public their enforcement actions and criminal cases against erring banks and other supervised entities in the name of transparency and market discipline, deter banks...
The central bank’s auction of its 28-day BSP bills fetched a higher rate and bigger volume this week, based on results from the Bangko Sentral ng Pilipinas (BSP). The 28-day securities was offered higher at P60 billion on Friday versus P50 billion last week. It remained oversubscribed with...
The Bangko Sentral ng Pilipinas (BSP) offered P390 billion term deposit facility (TDF) this week because of banks’ bigger demand and while yields were mixed, tenders breached the offer with P575.31 billion. “The TDF auction results continue to reflect ample liquidity conditions in the...
The country’s current account surplus improved to $4.4 billion in the first six months of the year, reversing the $2.6 billion deficit reported same time in 2019, the Bangko Sentral ng Pilipinas (BSP) said Friday. BSP Deputy Governor Francisco G. Dakila Jr. said the better-than-expected current...
The central bank’s guidelines on the establishment of digital banks is expected to be approved this month, according to a Bangko Sentral ng Pilipinas (BSP) official. BSP Deputy Governor Chuchi G. Fonacier (Bloomberg file photo) BSP Deputy Governor Chuchi G. Fonacier said the circular will be...
