The change in the Philippine central bank’s logo came as a surprise, if not as a shock. Let's see what the fuss is all about as netizens weigh in on the new logo. Indeed,...
Some P3.19 billion of COVID-19 financial crimes have been filed as suspicious transaction reports (STRs) from January to August this year, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. Photo credit: http://www.amlc.gov.ph/about-us Diokno, also chairperson of the...
The central bank’s auction of 28-day securities fetched a lower rate this week but had a higher bid volume of P123.80 billion. The Bangko Sentral ng Pilipinas’ (BSP) one-month bills was still being offered at P60 billion on Friday, and it received oversubscribed tenders which was higher than...
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 Bangko Sentral ng Pilipinas (BSP) has revealed a new logo, replacing the 10-year old current logo. This will be the third time since the 1993 New Central Bank Act charter created the BSP that its logo has been changed. The current logo was introduced in 2010. The BSP said the new logo is...
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...
The Securities and Exchange Commission (SEC) has approved an industry-specific framework for the preparation of the audited financial statements (AFS) of financial institutions to account for the regulatory relief measures extended to them during the pandemic. SEC Memorandum Circular No. 32, Series...
Philippine banks are not only strong but resilient enough to withstand the pandemic-hit financial market and to help prop up an economy in recession, said Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. “While the impact is still unfolding, the good news is that the financial...
The Bangko Sentral ng Pilipinas (BSP)-led Financial Stability Coordination Council (FSCC) has shifted the way they assess, review and forecast systemic risks because the global COVID-19 pandemic has changed consumer preferences and market risk behaviors, and using “older norms” and...
The Bangko Sentral ng Pilipinas (BSP) has drafted the guidelines for the liquidity risk management of Islamic banks and Islamic banking units (IBUs) that are specific to these banks’ operations. Primarily, the BSP expects IBUs which are units or part of a conventional bank to have separate...
The Bangko Sentral ng Pilipinas (BSP) is conducting its first Consumer Payments Survey (CPS) this quarter in aid of enhancing rules on digital payments to increase its use by as much as 50 percent of all retail payments in three years. In a statement, the BSP said the results of the survey will...
Bank-channelled remittances totaled $21.886 billion as of end-September, down 1.4 percent year-on-year from $22.187 billion, the Bangko Sentral ng Pilipinas (BSP) said. BSP Governor Benjamin E. Diokno said the decline in remittances has narrowed and “better than original forecast of five...
