BSP amends guidelines for participants of Peso Real-Time Gross Settlement system

THE BANGKO SENTRAL ng Pilipinas (BSP) has amended its guidelines for the Peso Real-Time Gross Settlement (RTGS) system to revise the penalties for erring participants. In a memorandum, the central bank said it is adding supplementary policies on penalties and sanctions under the Peso RTGS rules. “Depending on the gravity of the offense committed by