BSP to require all banks, VASPs to use digitized supervisory platform by 2025

THE BANGKO SENTRAL ng Pilipinas (BSP) will require all banks and virtual asset service providers (VASP) to use a digitized regulatory and supervisory engine starting next year. In a memorandum posted on its website, the central bank said it is expanding the use of the Advance Suptech Engine for Risk-based Compliance (ASTERisC*) to cover all