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Sun, March 2, 2025

Priority regulatory issues for the financial sector


Published on 2025-03-02 08:40:57 - Businessworld
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  • The past years highlighted several critical issues for financial institutions and regulators, ranging from geopolitical and macroeconomic issues to growing challenges in balancing support for technology innovation with protecting consumer and markets from the attendant risks.

The article from BusinessWorld discusses the key regulatory issues facing the financial sector in the Philippines as of March 2, 2025. It highlights the ongoing efforts by the Bangko Sentral ng Pilipinas (BSP) to enhance financial stability and consumer protection through various regulatory reforms. These include the implementation of Basel III standards to strengthen bank capital requirements, the push towards digital transformation with regulations on cybersecurity, and the management of risks associated with fintech innovations like digital banks and electronic payments. Additionally, the article touches on the need for regulatory adjustments to accommodate sustainable finance, focusing on environmental, social, and governance (ESG) criteria. The BSP is also addressing issues related to financial inclusion, aiming to broaden access to financial services for underserved populations, and is considering the implications of cryptocurrencies and other digital assets, which require a balanced approach to regulation to foster innovation while mitigating risks.

Read the Full BusinessWorld Article at:
[ https://www.bworldonline.com/economy/2025/03/02/656621/priority-regulatory-issues-for-the-financial-sector/ ]
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