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TBILISI, Georgia—The Bangko Sentral ng Pilipinas (BSP) is not keen on imposing immediate sanctions on banks that will fail to comply to the Sustainable Finance Taxonomy Guidelines (SFTG). BSP Deputy Governor Chuchi G. Fonacier told reporters at the sidelines of the 57th Asian Development Bank (ADB) Annual Meeting that the…
Manila, Philippines - April 2023 — In a striking demonstration of growth and commitment to financial inclusivity, the country’s six digital banks have
THE Bangko Sentral ng Pilipinas (BSP) would soon release new guidelines that would expand key banking indicators and measures, including loans that worsen the climate crisis, a high-ranking official said. BSP Deputy Governor Chuchi G. Fonacier said the central bank would roll-out its report on taxonomy either in the last…
THE Philippines cannot become a cashless society until all tricycle drivers and market vendors accept digital payments nationwide, according to the Bangko Sentral ng Pilipinas (BSP). In a recent message to the Chamber of Thrift Banks (CTB), BSP Deputy Governor Chuchi G. Fonacier said reforms such as the Paleng-QR, made possible through a partnership between
60 years of championing depositor protection. Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. (4th from left) and Philippine Deposit Insurance