The Bangko Sentral ng Pilipinas (BSP) should implement more "confidence-building measures" on the use of P1,000 polymer bank notes, Surigao del Norte 2nd district Rep. Robert Ace Barbers said Tuesday, Jan. 31. A P1,000 polymer bill. (Ellson Quismorio/ MANILA BULLETIN) Barbers made this call even as...
The Commission on Elections (Comelec) and the Banko Sentral ng Pilipinas (BSP) on Monday, Jan. 31, signed an escrow agreement for the safekeeping of the automated election system (AES) source code in relation to the May 2022 polls. Screenshot Comelec FB The virtual signing was led by Comelec...
The Bankers Association of the Philippines (BSP) said that awarding Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno as “Global Central Banker of the Year” – beating all other central bankers around the world – is a “well-deserved recognition”. Bankers Association of the...
The Government Service Insurance System (GSIS) and Social Security System (SSS) topped the list of state-run firms in terms of income for 2020 but both also registered the largest amount of expenditures during the year that the 2019 coronavirus disease (COVID-19) pandemic hit the country, the...
The Bangko Sentral ng Pilipinas (BSP) has identified the Philippine Peso Real-Time Gross Settlement (PhP-RTGS) payment system, which it owns and operates, as a systemically important payment system (SIPS). This means the PhP-RTGS as SIPS is a payment system “which poses or has the potential to...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said there is no target or limit in their green bonds investments as part of its strategic asset allocation (SAA). The SAA is applied to the country’s accumulated $106.5-billion gross international reserves (GIR), which Diokno said...
The Bangko Sentral ng Pilipinas (BSP)-led Financial Stability Coordination Council (FSCC) will run its first report on the macroprudential stress test (MaPST) in the next two-three weeks to help financial regulators to have a more granular assessment of emerging systemic risks amid the COVID-19...
The Bangko Sentral ng Pilipinas (BSP) has renewed a P540-billion provisional advances to the National Government for its fight against the COVID-19 pandemic, the fourth time that the Monetary Board extended the crisis response. BSP Governor Benjamin E. Diokno announced Thursday (July 15) that the...
Cash remittances sent home by Overseas Filipinos increased by 6.3 percent year-on-year as of end-May to $12.280 billion from $11.554 billion in 2020, the Bangko Sentral ng Pilipinas (BSP) reported Tuesday. For the month of May only, cash remittances which are transferred via banks and are easily...
The Bangko Sentral ng Pilipinas (BSP) said it is improving its stress testing exercises to make it more granular to strain each banks’ risks or exposures. The BSP in a report said it could be crucial to have a more granular review and assessment of the COVID-19 pandemic’s impact on individual...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Thursday, (July 1) that the Philippines will actively pursue its exit from the ‘grey list’ of the global anti-money laundering watchdog, Financial Action Task Force (FATF), and will closely monitor its impact on the economy....
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno on Monday reiterated his call for a more prominent Asia regional stance when it comes to discussions of global systemic risks amid the pandemic-cum-recession woes. Diokno made this statement after he was appointed for a second term as...
