ASIA PACIFIC | FINANCIAL SERVICES
BSP (Philippines)
The Bangko Sentral ng Pilipinas (BSP) has supervision over the operations of banks and exercises regulatory powers as provided in the New Central Bank Act and other pertinent laws over the operations of finance companies and non-bank financial institutions performing quasi-banking functions in the Philippines.
Google Cloud’s contracts for financial institutions in the Philippines address the Bangko Sentral ng Pilipinas requirements. We have also created mappings for both Google Cloud and Google Workspace to help you understand how we can support your efforts to meet the Bangko Sentral ng Pilipinas requirements and assess Google Cloud as an outsourced service provider. Google Cloud is committed to addressing these requirements regardless of how financial institutions choose to use our services.
The Bangko Sentral ng Pilipinas - Compliance Offerings
Learn more about the key laws, regulations, and guidelines prescribed by the Bangko Sentral ng Pilipinas.
Learn more about the BSP Manual of Operation for
Banks and how Google Cloud can help support your
Bangko Sentral ng Pilipinas compliance efforts. The Manual of Operation for Banks addresses the IT
risk management standards and guidelines for banks
in the Philippines. It also provides specific
guidance on documentation required under the
outsourcing framework for banks.
Learn more about the BSP Manual of Operation for
Banks and how Google Cloud can help support your
Bangko Sentral ng Pilipinas compliance efforts. The Information Technology Risk Management
guidelines (“ITRM guidelines'') address the BSP’s
expectations of how financial institutions manage
ongoing operational risks associated with the
adoption of technology in the financial service
industry. In particular, the ITRM guidelines lay out
requirements for domains including risk management,
business continuity, asset classification,
implementation of internal controls, compliance
frameworks, internal audit, and reporting
requirements.