Bangko Sentral bares check clearing, settlement reforms

Jan 06, 2024 12:31 am

THE Bangko Sentral ng Pilipinas (BSP) on Friday announced changes to regulations covering the return of bounced checks by banks as well as the rollout of the Intraday Settlement Facility (ISF).

The reforms aim to improve the efficiency and safety of the country's payment systems, the central bank said in a statement.

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