Here’s alist of Operators of Payment Systems (OPS)with Certificates of Registration from the BSP, as mandated by theNational Payment Systems Act(NPSA), or Republic Act No. 11127, which was signed into law by President Rodrigo R. Duterte last 30 October 2018. This list is updated as of ...
the Bangko Sentral ng Pilipinas (“BSP”) issued Circular No. 1153 and approved a Regulatory Sandbox Framework to be incorporated as Section 115 of the Manual of Regulations for Banks (“MORB”) and Sections 112-Q/115- S/115
of four closed rural banks were the newest names placed on the watch list.The list of people under suspicion or blackballed are not disclosed but the banks had been identified as Rural Bank of of Tangalan (Aklan) Inc., Merchants Rural Bank Talavera Inc., People's Rural Bank Binmaley Inc...
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may no longer raise policy rates in December as inflation is expected to ease toward the end of 2019, giving it space to bring down the reserve requirement for banks, the chief economist of the Bank of the Philippine Islands (BPI...
“We highlight three possibilities that could help the BSP break free, even partially, from the Fed,” he said, citing that the current account balance, the real policy rate differential between the two central banks and inflation must be better than pre-pandemic levels. ...
“Monetary and non-monetary sanctions, as provided under existing laws, Bangko Sentral rules and regulations, may likewise be imposed on the BSFI and/or its directors, officers and/or employees for violation of the reporting requirements.” Suggested Reads: OCC, FDIC, & Fed Warn Banks of ...
PHILIPPINES: Bangko Sentral ng Pilipinas (BSP) is studying potential reforms to the minimum capital requirement for Islamic banks and Shariah banking units as well as policies on profit-sharing investment accounts and capital adequacy ratios, according to the Philippine Daily Inquirer. Local news ...