Risk Management

Key ISO 20022 alignment rules for retail payments: messaging data standards, transparency obligations, rulebook governance, and a two-year transition plan.

What’s new in the BSP regulatory relief policy: eligibility, availment windows, borrower relief, reporting duties, and operational flexibilities for calamity-affected banks.

Key updates on PERA UITF access to BSP securities, non-resident limits, reporting duties, and compliance steps for trust entities.

New BSP rules limit large cash payouts above PHP 500,000, require non-cash channels, and mandate enhanced due diligence and STR protocols.

MORB/MORNBFI updates add voluntary perpetual disqualification commitments and clarify watchlist and disqualification file procedures.

AFASA rules for disputed fund holds: triggers, timelines, coordinated verification, reporting, and transition periods for BSIs.

IT risk and fraud controls for EPFS: FMS requirements, transaction pause rules, customer protections, and CSO obligations under AFASA.

Updates to FX derivatives rules, electronic submission requirements, and reporting under the FX Manual and MORB.

Updated auditor selection, categorization, eligibility, and exclusion rules for BSP-supervised financial institutions.

Rules on BSP data requests: scope, submission standards, deadlines, sanctions, and a one‑year transition period.

New reporting governance standards for pawnshops: systems, sanctions, records, reportorial duties, and audit requirements.