BSP urged banks to use “alternative data” in order to assess the creditworthiness of borrowers. BSP — The Bangko Sentral ng Pilipinas has urged banks to use “alternative data” in order to assess the creditworthiness of borrowers. The central bank was encouraging banks and financial institutions to make use of other sources or “alternative data” … Read more
BSP told banks to clamp down on digital vote selling and vote buying. BSP — The Bangko Sentral ng Pilipinas told banks and financial institutions to clamp down on digital vote selling and vote buying ahead of the 2022 elections. The central bank has strongly called for the adoption of enhanced surveillance and monitoring measures … Read more
BSP was calling for more sustainable financing and economy in 2022. BSP — The Bangko Sentral ng Pilipinas was calling for more sustainable financing and economy in 2022 as climate change “is real and its impact devastating”. BSP Governor Benjamin E. Diokno was calling for more strategy in integrating sustainability into the operations of financial … Read more
The BSP was “confident” in hitting its digitalization targets ahead of 2023. BSP — On Tuesday, the Bangko Sentral ng Pilipinas said that it was “confident” it can achieve its digitalization targets ahead of 2023. Under the central bank’s Digital Payments Transformation Roadmap (DPTR), the BSP aimed to digitize at least 50% of retail payments … Read more
BSP will release stronger regulations on bank fraud management. BSP — The Bangko Sentral ng Pilipinas will release stronger regulations on bank fraud management in order to control and deter future breaches. With recent cybersecurity issues on local banks in the Philippines, BSP Governor Benjamin E. Diokno said that the central bank will be releasing … Read more
Nancy Binay: “Sadly, it is like saying that our martyrs and heroes are no longer worth our money” NANCY BINAY – The senator did not like the decision made by the Bangko Sentral ng Pilipinas (BSP) to change the design of the 1,000 peso bill. Recently, the BSP announced a new design of P1,000 replacing … Read more
The BSP defended the new design for the P1,000 polymer banknote. BSP — Following the release of the new design for the P1,000 polymer banknote, the Bangko Sentral ng Pilipinas recently clarified that the P1,000 banknote featuring the Philippine heroes will continue to be in circulation. On Monday evening, BSP Governor Benjamin Diokno defended the … Read more
Manila Mayor Isko Moreno appealed to BSP to reconsider the new design for P1,000 banknote. ISKO MORENO — On Monday, the presidential aspirant and incumbent Manila mayor appealed to the Bangko Sentral ng Pilipinas (BSP) to reconsider the new design for the P1,000 banknote. Moreno said in an ambush interview with reporters that he has … Read more
BSP on the new design for P1,000 banknote: “Necessary corrections have already been made.” BSP — On Sunday, the Bangko Sentral ng Pilipinas said that the “necessary corrections” have been made on the new design for the P1,000 banknote. The central bank said that it had corrected the spelling and formatting of the scientific name … Read more
Zarate encouraged BSP to correct the “errors” in the new design for the P1,000 banknote. BSP — Bayan Muna Representative and House Deputy Minority leader Carlos Isagani Zarate encouraged the Bangko Sentral ng Pilipinas to correct the “errors” in the new design for the P1,000 banknote. On Saturday, Carlos Zarate called out the central bank … Read more