BSP: No new digital bank applications by December
The Bangko Sentral ng Pilipinas (BSP) will stop accepting new digital banking license applications starting December 1 under a new moratorium, aiming to…
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23,559 results for “BSP digital banking moratorium”
The Bangko Sentral ng Pilipinas (BSP) will stop accepting new digital banking license applications starting December 1 under a new moratorium, aiming to…
Existing thrift, rural and cooperative banks identified by the BSP as operating under a business model similar to that of a digital bank must meet the same…
The DOJ and BSP have signed an information-sharing agreement under AFASA to speed up investigations into financial account scams, including SIM swap fraud and…
Moody’s warns that the Bangko Sentral ng Pilipinas’ temporary capital relief for banks is “credit negative,” saying the move to exclude unrealized losses on…
The Bangko Sentral ng Pilipinas (BSP) has approved a new capital reform requiring banks to maintain releasable capital buffers that can be tapped during…
The Philippine banking sector’s bad loan ratio eased to a three-month low in March, with BSP data showing the industry’s NPL ratio at 3.29% as stronger lending…
Lawyer Manases Carpio, husband of Vice President Sara Duterte, is filing criminal charges against BSP Governor Eli Remolona Jr., AMLC officials and House…
‘The drop in individual account ownership was largely attributed to a decline in loan-linked accounts from microfinance non-government organizations and…
The Bangko Sentral ng Pilipinas (BSP) extends indefinitely its moratorium on new virtual asset service provider (VASP) licenses to protect consumers and uphold…
Applicants for the new licenses can either be established entities transitioning to digital banking or entirely new entrants.
The BSP can closely monitor developments in the digital banking industry and obtain a broader perspective as these banks mature further in their operations.
‘There is a specific requirement on the membership of the board to include tech-savvy members in senior management for digital banks right now.’
‘We’re engaging with them. Maybe we’ll be coming up with some kind of a program, something like a FinEd program.’