This photo courtesy of the Bangko Sentral ng Pilipinas shows Governor Felipe M. Medalla (left) explaining that the central bank is looking into proposed amendments to the Bank Secrecy Law. Know more:
This photo courtesy of the Bangko Sentral ng Pilipinas shows Governor Felipe M. Medalla explaining that the central bank is looking into proposed amendments to the Bank Secrecy Law that will allow for a thorough examination of bank accounts with suspicious financial transactions.
In a recent meeting of the Financial Executives Institute of the Philippines in Makati City, Medalla said that the amendments being reviewed will strengthen BSP’s capacity to protect depositors from losses due to fraud and other unlawful activities. With the Governor in the photo are GlobalSource Partners’ Philippines Country Analyst Romeo Bernardo and GT Capital Holdings Inc. Independent Director Consuelo Garcia .
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fitch Solutions expects BSP to hike rate to 4.5% this yearFitch Solutions, a unit of the Fitch Group, said Monday it expects the Bangko Sentral ng Pilipinas to further increase the policy interest rate to 4.50 percent this year from 3.75 percent to ease price pressures in the coming months. READ:
Read more »
BSP introduces automated coin deposit machinesTo encourage the public to use coins, the Bangko Sentral ng Pilipinas (BSP) will install the first batch of 25 Coin Deposit Machines (CoDM) in Metro Manila and neighboring...
Read more »
Philippines’ banked adults rise to 56% in 2021 as online payments grow - BusinessWorld OnlineABOUT 22 MILLION Filipinos gained access to formal financial accounts between 2019 and 2021, but 34.3 million adults remained unbanked, the Bangko Sentral ng Pilipinas (BSP) said. READ
Read more »
TDF yields climb on tepid demand, rate hike bets - BusinessWorld OnlineYIELDS on term deposit climbed on Wednesday as the longer tenor on offer was undersubscribed, with the market awaiting the Bangko Sentral ng Pilipinas’ (BSP) policy meeting, where it is expected to raise rates anew. READ
Read more »
PESONet transactions up 48.1% to ₧2.9T - BusinessMirrorTHE Bangko Sentral ng Pilipinas (BSP) reported a big jump in PESONet transactions, following the implementation of a multiple batch settlement (MBS) facility for the electronic funds transfer service. Over the weekend, the BSP said the total value of PESONet transactions jumped by 48.1 percent to reach P2.9 trillion in the first half of the
Read more »
Coin deposit machines seen to boost circulation - BusinessMirrorIN an effort to boost coin circulation in the economy, the Bangko Sentral ng Pilipinas (BSP) is set to install so-called coin deposit machines in retail areas across Metro Manila and nearby provinces. The BSP said it has recently signed a memorandum of agreement (MOA) with various retailers for the deployment of these coin deposit
Read more »