Electronic money issuers (EMIs) are now required to comply with minimum capital and liquidity requirements amid the rising incidence of information technology-related risks and to better protect the interests of account holders, according to the Bangko Sentral ng Pilipinas (BSP).
Lynette V. Ortiz is a veteran Filipino banking executive who currently serves as president and chief executive officer at Land Bank of the Philippines, the country’s largest government financial institution.
The Department of Trade and Industry (DTI) on Saturday warned retailers against hoarding essential goods and engaging in profiteering, saying such illegal practices will not be tolerated as global tensions threaten to drive up oil prices and logistics costs.