NIGHT OWL Anna Mae Lamentillo The economist. The reformist. The professor. While these may sound like characters in a television series, I’m just referring to only one real person. These could well describe the three main hats that Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno...
More than 300 Japanese guests from Japan’s leading corporate and financial institutions have participated in the virtual Philippine Economic Briefing (PEB) that highlighted the Duterte administration’s efforts to push for a much stronger and more inclusive economy in the post-COVID-19 pandemic...
The Bangko Sentral ng Pilipinas (BSP) is tightening its monetary penalty system on erring banks by imposing a maximum P1 million for each transactional violation or P100,000 per business day for continuing offense. The previous monetary penalty for banks and/or their directors and officers was...
The Bangko Sentral ng Pilipinas (BSP) will stop accepting digital bank license applications by next week and will close the window for three years after limiting the number of digital banks in the country to just seven. “The judgment of the Monetary Board is that we will keep it close for...
The adverse impact of the prolonged pandemic will be short-lived, the government’s chief economic manager and the central bank governor said after Fitch Ratings downgraded the Philippines’ outlook to negative. BSP Gov. Benjamic Diokno and Finance Sec. Carlos Dominguez III Finance Secretary...
As the Bangko Sentral ng Pilipinas (BSP) celebrates its 28th anniversary today, it is proud that it has become “greener” and has embraced the principles of sustainable development. Last year, when the BSP too was in lockdown, its officials started drafting its pandemic-proof Sustainable Central...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said efforts to continue to develop the domestic capital market have not been diminished by the COVID-19 pandemic. Diokno said capital market reforms being implemented and other measures to further deepen the capital market are...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno has assured clients of Union Bank of the Philippines (UnionBank) the bank’s systems glitch which left some funds “floating” will be resolved within the day, Saturday, June 12. Diokno said that the bad outage since Thursday, June...
Financial conglomerates and domestic systemically important banks (D-SIBs) are more vulnerable to reputational risks such as negative publicity, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. Diokno said D-SIBs, particularly within "mixed interest" conglomerates, are...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said they are about to issue “second-phase regulation” to make the banking sector more responsive to risks in transitioning to a low-carbon economy including climate change scenarios. “Banks may gradually consider the future...
The Bangko Sentral ng Pilipinas (BSP) will allow banks to have a higher single borrower's limit (SBL) of 30 percent until end-December this year, and to reclassify bad loans reporting pending the full operationalization of the Financial Institutions Strategic Transfer (FIST) Act. These amendments...
The Bangko Sentral ng Pilipinas (BSP) is proposing to allow banks to set up their own satellite broadband similar to Bank Rakyat of Indonesia's $250 million satellite for its digital or branchless operations. BSP Governor Benjamin E. Diokno, the Duterte administration’s former budget chief, has...
