Tag: Financial Sector
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Bangko Sentral ng Pilipinas Establishes Council to Enhance Financial Sector’s Cyber Defenses
The Bangko Sentral ng Pilipinas (BSP) has taken a significant step towards fortifying the cyber resilience of the financial sector by establishing the Financial Cyber Resilience Governance Council (FCRGC) on February 11, 2025. The launch event, held at the BSP’s head office in Manila, was attended by key figures including BSP Governor Eli Remolona Jr.,…
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House Advances Bill to Revamp Development Bank of the Philippines’ Charter
In a significant move to bolster the Development Bank of the Philippines (DBP) as the nation’s leading financial institution for development, the House of Representatives has passed House Bill No. 11230 on its second reading. The bill, which was approved during a plenary session on Monday via voice vote, aims to modernize the DBP’s charter…
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