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BSP rationalizes DOSRI reporting requirements

BSP rationalizes DOSRI reporting requirements
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

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New central bank sector to support efforts toward cash-lite economy

New central bank sector to support efforts toward cash-lite economy
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

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BSP names new deputy governor

BSP names new deputy governor
Lawrence Agcaoili
© STAR/File
BSP names new deputy governor
MANILA, Philippines The Bangko Sentral ng Pilipinas (BSP) has added a new deputy governor with expertise in digital payments, as part of efforts to transform the country from a cash-heavy into a cash-light economy and a coinless society over the next five years.
Mamerto Tangonan, a digital financial services expert with over 20 years of experience, has been named as the fourth deputy governor of the BSP.
Tangonan now heads the BSP’s Payments and Currency Management Sector.
He joins Deputy Governors Francisco Dakila Jr. of the Monetary and Economics Sector, Chuchi Fonacier of the Financial Supervision Sector, and Maria Almasara Cyd Tuaño-Amador of the Corporate Services Sector. ....

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Outsider appointed as 4th BSP deputy governor

Outsider appointed as 4th BSP deputy governor
mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.

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Pandemic halts foreign bank applications – BSP – Manila Bulletin

Published January 25, 2021, 6:00 AM
The COVID-19 pandemic has put on hold foreign banks’ plan to establish local units or branches in the Philippines.
“As of now, no application to establish foreign bank is received by the FSS (Financial Supervision Sector),” according to Bangko Sentral ng Pilipinas (BSP) Deputy Governor Chuchi G. Fonacier, who heads the FSS.
Before the global pandemic was declared in March last year, there were at least three foreign banks based in Hong Kong, South Korea and Indonesia that were in the preparation stage to set up local branches here.
Since 2014, when Republic Act No. 10641 or An Act Allowing the Full Entry of Foreign Banks in the Philippines amended the previous foreign bank entry law, a total of 12 foreign banks were allowed to set up bank branches in the country. ....

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