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MANILA, Philippines–Regulators are set to issue a reminder for local banks to upgrade the software their automated teller machines (ATM) are running to ensure they are shielded from possible security risks. This comes ahead of the end of support for the nearly 13-year-old Windows XP operating system by its creator, tech giant Microsoft Corp. “I’m

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) may implement stricter guidelines on banks’ exposure to the real estate sector as the country’s property market continues to boom. “Our prudential focus here is to monitor and determine whether acceptable credit standards are maintained by banks with respect to their exposures to real estate,” BSP

The Bangko Sentral ng Pilipinas (BSP) has made available a special regulatory relief package to universal, commercial, thrift, rural, and cooperative banks with head offices and/or branches in areas severely affected by super typhoon Yolanda. The said measure is in addition to the earlier regulatory and rediscounting relief that the BSP extended to banks in

The Bangko Sentral ng Pilipinas is granting regulatory relief measures to banks to enable them to similarly assist and ease the financial burden of bank customers adversely affected by Typhoon “Santi” which devastated several parts of the country from 11 to 13 October 2013. Eligible for the relief measures are those in the following areas