The Bangko Sentral Ng Pilipinas (BSP) is likely to lift the limit on the number of allowed digital banks in the Philippines.
Bangko Sentral ng Pilipinas (BSP)
On Monday, June 14, the Bangko Sentral ng Pilipinas (BSP) announced an increase in applications from entities seeking to enter the newly created digital banking space in the Philippines as more consumers shift from traditional to electronic channels.
The Bangko Sentral ng Pilipinas (BSP) is seen to maintain low interest rates until the end of 2021 as loan disbursements of banks continue to shrink due to the persisting COVID-19 pandemic.
The Bangko Sentral ng Pilipinas (BSP) and the Department of Finance (DOF) expressed their support for a bill allowing the Philippine Development Insurance Corporation (PDIC) to flexibly adjust the maximum deposit insurance coverage in the Philippines.
The Bangko Sentral ng Pilipinas (BSP) released a proposal to stakeholders about an open banking framework as part of the regulator’s three-year digital payments transformation program.
The Bangko Sentral ng Pilipinas (BSP) extends the transitory period for the certification of marketing personnel authorized to sell unit investment trust funds (UITFs) until 2023 in the Philippines.
The Bangko Sentral ng Pilipinas (BSP) is planning to provide financing for micro, small, and medium-sized enterprises (MSMEs) that belong to the supply chains of larger businesses in the Philippines.
The Bangko Sentral ng Pilipinas (BSP) grants large banks the authority to extend more property loans to their borrowers.