The central bank is requiring banks to submit a quarterly report on appraised commercial properties (QRACP) to be used for its price monitoring of commercial real estate. The Bangko Sentral ng Pilipinas (BSP), in a new memo or Circular No. 1102, said the QRACP will be the groundwork to generate a...
The Bangko Sentral ng Pilipinas (BSP) will not be issuing its own central bank digital currency (CBDC) in the next three or five years, according to its highest-ranking official. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. (Bloomberg file photo) When asked if the BSP could come...
COVID-19 impact milder than expected Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the contraction in remittances and the slowdown in foreign direct investments (FDI) is not as worse as they originally projected. “The impact of COVID-19 on the inflows of OF (overseas...
The Bangko Sentral ng Pilipinas (BSP) is giving banks more time to submit a transition analysis on the management of interest risk in the banking book (IRRBB) that will include how they will handle stress due to changes in IRRBB exposures. MB File The circular on IRRBB was approved by the Monetary...
Keeps accommodative policy MB File Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said he is seeing continued demand for loans and banks’ “appetite” to lend despite that loan growth slowed in August because of risk aversion during the pandemic. Big banks’ outstanding loans as...
The central bank wants digital bank players that will be “tenacious” or strong enough to withstand risks such as fraud and cyberattacks, and that these online-only banks will last a long time. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno ( Bloomberg ) “We will put...
The Philippines’ stock of foreign assets and US dollar reserves have passed the $100 billion mark at $100.49 billion as of end-September, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Thursday. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno Based on preliminary...
The Bangko Sentral ng Pilipinas (BSP) will set a limit to the number of online-only banks, which have lower capitalization requirement. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno ( Bloomberg file photo) BSP Governor Benjamin E. Diokno said many banks have expressed interests to...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Tuesday that the pre-emptive monetary responses which it has been doing since the coronavirus outbreak began will continue to keep confidence in the BSP which is “resolute in its intention to provide timely and sufficient support...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno on Monday said that with the obvious signs of a recovering economy, he is a lot more confident now that the most difficult period of the public health crisis has come and gone. BSP Governor Benjamin E. Diokno ( Bloomberg file photo)...
The Bangko Sentral ng Pilipinas (BSP) has extended for the third time the temporary relief measures for its rediscount facilities until January 31 next year. The previously granted temporary measures lapsed on September 30. This is the third time that a fixed rediscount term as relief to banks has...
The Bangko Sentral ng Pilipinas (BSP) has approved the National Government’s request for a P540 billion advances for budget gap financing due to COVID-19 pandemic expenses. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno ( Bloomberg file photo) BSP Governor Benjamin E. Diokno said...
