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.

BSP Manual of Operation 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 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.

BSP Information Technology Risk Management (ITRM) guidelines

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.