Banko Sentral ng

Pilipinas (BSP)
Banko Sentral ng Pilipinas (BSP)
• The Bangko Sentral ng Pilipinas (BSP) is the central bank of the Republic of the Philippines. It
was established on 3 July 1993 pursuant to the provisions of the 1987 Philippine Constitution
and the New Central Bank Act of 1993. The BSP took over from Central Bank of Philippines,
which was established on 3 January 1949, as the country’s central monetary authority. The BSP
enjoys fiscal and administrative autonomy from the National Government in the pursuit of its
mandated responsibilities.

• The Bangko Sentral ng Pilipinas (BSP) has introduced a new logo in

keeping with the changing times. In contrast to the stylized eagle
profile design of the current logo, the new one features a full-
bodied Philippine eagle rendered in gold, taking inspiration from
various wildlife photographs of actual Philippine eagles. The use of
the Philippine eagle in the new logo is intended to represent the
BSP as well as the Filipino people which it serves.
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Regulations under the Banko
Sentral ng Pilipinas (BSP)
• The Banko Sentral ng Pilipinas (BSP) is the
central bank of the Philippines, responsible
for regulating the country’s monetary and
financial system.
Foreign Exchange
Regulations
• The BSP regulates foreign exchange
transactions and implements policies to maintain
a stable foreign exchange market. It aims to
preserve the international value of the peso and
support the country's external stability.
Guidelines on Establis
hing 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
• Basel III Leverage Ratio Framework Basel III
Framework for
• Risk-Based Capital Adequacy Framework in the
Philippines
• Dealing with Domestic Systemically Important
Bank (DSIBs)
• Basel III Framework for Liquidity Coverage
Ratio (LCR)
Compliance with
PFRS/PAS
• The Philippine Financial Reporting Standards
(PFRS)/Philippine Accounting Standards (PAS)
are the new set of Generally Accepted
Accounting Principles (GAAP) issued by the
Accounting Standards Council (ASC) to govern
the preparation of financial statements
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 Effec
tive Banking Supervision (BCP)"
and "Access to Finance", which are posted on the
website of The World Bank.
Other Regulations
• Registration of Pawnshops and Money Service
Businesses (MSBs) Request for Monetary Board
Opinion on Domestic Government Borrowings
• Request for Monetary Board Opinion on
Domestic Government Borrowings
 Banking Laws
• As of January 2022, the specific Republic Acts
(RAs) related to the regulations of the Bangko
Sentral ng Pilipinas (BSP) include:
1. Republic Act No. 7653 - The New Central Bank Act
2. Republic Act No. 8791 - The General Banking Law of 2000
3. Republic Act No. 7721 - Liberalizing the Entry and Scope of Operations of Foreign
Banks in the Philippines
4. Republic Act No. 10574 - An Act Allowing the Infusion of Foreign Equity in the
Capital of Rural Banks
5. Republic Act No. 10641 - An Act Allowing Full Entry of Foreign Banks in the
Philippines
6. Republic Act No. 9293 - The Securities Regulation Code
7. Republic Act No. 11211 - The Philippine Banking Act of 2019
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Research Presentation End