The Bangko Sentral ng Pilipinas has implemented further enhancements to its hedging facility to counter the decline of the peso, which has returned to a rate of 56 to $1 due to apprehensions about additional US Federal Reserve rate hikes.
The Bangko Sentral ng Pilipinas has instructed banks and financial institutions to strengthen their anti-money laundering/ counter-terrorist financing frameworks through improved transaction monitoring and reporting systems.
The Ayala-led Bank of the Philippine Island (BPI) has been tasked to report to the Bangko Sentral ng Plipinas (BSP) updates on the reversal of erroneous
The conduct of climate risk stress testing by banks is one of the initiatives in the pipeline of the Bangko Sentral ng Pilipinas as it advocates green and sustainable policies and practices.