Key BSP FX Reporting Guideline Changes

In accordance with Bangko Sentral ng Pilipinas (BSP) Circular No. 1197-2024, the BSP has introduced significant amendments to the reporting guidelines for foreign exchange (FX) transactions. These changes aim to enhance the accuracy and relevance of FX transaction data, promoting financial stability and ensuring effective supervision of banks. Key Highlights: Impact: These amendments aim to […]