The BSP will now cap how much banks can be exposed to these transactions, ensuring that they do not take on excessive risk that could destabilize the market. “To mitigate any potential build-up ...

Financial institutions supervised by the Bangko Sentral ng Pilipinas (BSP) lost P5.82 billion to cyberattacks in 2024, or 2.6 ...

The Bangko Sentral ng Pilipinas (BSP) is preparing to issue new regulations aimed at mitigating the potential risks posed by the use of artificial intelligence (AI) in the financial services sector, ...

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) is preparing new regulations that aim to mitigate risks associated with the use of artificial intelligence (AI) in the local financial ...