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Contains relevant economic and financial regulations issued by the BSP.
 
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Foreign Exchange Regulation

 

In line with the thrust of the Bangko Sentral ng Pilipinas (BSP) to promote a policy environment that is market-oriented and supportive of the Philippine economy’s sustained expansion, the BSP, through the International Operations Department (IOD), ensures that the country’s foreign exchange (FX) regulatory framework remains appropriate for the needs of a dynamic and expanding economy.

                                                                 

Guidelines on Establishing Banks

 

The BSP, as part of its chartering process, puts emphasis on the suitability of shareholders, adequacy of financial strength and sufficient expertise and integrity of management, among others, in ensuring that the proposed bank will be operated in a secure and prudent manner.

                                                                 

Implementation of Basel Standards in the Philippines

 
                                                     

Compliance with PFRS/PAS

 
                                                      

Financial Sector Assessment Program

 

The International Monetary Fund (IMF) and The World Bank jointly conducted the Financial Sector Assessment Program (FSAP) review for the Philippines in November 2009 following the last FSAP mission conducted in 2002. The FSAP involves an assessment of the strengths and weaknesses of the financial sector. The results of the FSAP review are reflected in the Technical Notes on "Focused Update of the Basel Core Principles for Effective Banking Supervision (BCP)" and "Access to Finance", which are posted on the website of The World Bank.


The Technical Note on “Focused Update of the BCP” contains an assessment on the BSP’s compliance with the standards for sound prudential regulation and supervision of banks. Said Technical Note recognizes the improvements in the regulatory and the supervisory framework for banks since the last FSAP mission. The Technical Note on Access to Finance, on the other hand, speaks of the progress made by the BSP in strengthening the regulatory framework for advancing microfinance and mobile financial services.

Other Regulations