The unauthorized reproduction of Philippine banknotes was “prohibited”, according to BSP. BSP — The Bangko Sentral ng Pilipinas reminded the public on Wednesday that printing any image or likeness of Philippine banknotes without approval was prohibited. The central bank said in a statement that doing so may result in legal action. BSP’s statement came after … Read more
BSP assured the public that banking services will continue under Alert Level 3. BSP — The Bangko Sentral ng Pilipinas assured the public that banking services will continue under Alert Level 3. On Friday, the central bank assured the public that the banking industry will continue to provide essential services to its clients. This, after … Read more
BSP Governor Benjamin Diokno has been named as “Global Central Banker of the Year 2022”. BENJAMIN DIOKNO — Bangko Sentral ng Pilipinas said that the BSP governor was named as “Global Central Banker of the Year 2022”. On Wednesday, the central bank said that Diokno has been named by an international banking magazine owned by … Read more
BSP revealed that the P20 NGC coin has come out as one of the finalists of the world’s “best new coins” BSP — The Bangko Sentral ng Pilipinas recently revealed that the P20 NGC (new generation currency) coin has come out as one of the finalists of the “best new coins” at the International Currency … Read more
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