The Bangko Sentral ng Pilipinas has raised the bar for consumer protection in the aftermath of the collapse of cryptocurrency giant FTX that led to requests for withdrawals with an estimated $6 billion over three days.
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Becoming a great retail bank is a journey and not a destination.
UnionBank stood out on the global stage at the recently-concluded Singapore FinTech Festival (SFF) for the fifth consecutive year as the lone Filipino bank gold sponsor bannering the “Tech Up Pilipinas” advocacy that is the cornerst
Striking the right balance between creating an environment that allows innovation and ensuring the safety of the Philippine financial system is of paramount importance, according to the Bangko Sentral ng Pillipinas.
The Bangko Sentral ng Pilipinas has required all banks to develop a concrete and reasonable recovery plan that could help restore the viability and ensure continuity of operations during periods of extreme stress scenarios.