Banking & Insurance
FSCC strengthens oversight of non-bank financial institutions
The Financial Stability Coordination Council (FSCC) is developing an enhanced monitoring framework for non-bank financial institutions (NBFIs) to bolster the resilience of the Philippine financial system.
Bank lending expansion slows in July; BSP eyes liquidity, policy alignment
Bank lending by universal and commercial banks (U/KBs) continued to grow in July, albeit at a slightly slower pace, with year-on-year expansion at 11.8 percent, down from 12.1 percent in June, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).
Remolona named among World’s Best Central Banker for second consecutive year
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. has earned an “A-” rating in Global Finance magazine’s Central Banker Report Cards 2025, marking his second consecutive recognition as one of the world’s best central bank governors.
BSP, DOLE ink data-sharing deal for better policymaking
The Bangko Sentral ng Pilipinas (BSP) and the Department of Labor and Employment (DOLE) signed a memorandum of understanding (MOU) to enhance data sharing and collaboration, in a ceremony held at the BSP head office in Manila.
GoTyme Bank launches free InstaPay transfers, challenging industry norm
GoTyme Bank has introduced a new policy granting all its customers 20 free InstaPay transfers per month to nearly all banks and e-wallets—significantly undercutting the P15 to P25 fees typically charged by traditional banks and digital wallets for similar services.
