The Daily Tribune
BSP, BTr forge pact to boost financial infrastructure
The Bangko Sentral ng Pilipinas (BSP) and the Bureau of the Treasury (BTr) have signed a Memorandum of Understanding (MoU) to enhance collaboration in strengthening government securities trading and large-value fund transfers.
This agreement specifically aims to improve the operational efficiency, security, and resilience of the Philippine Peso Real-Time Gross Settlement (RTGS) System and the National Registry of Scripless Securities (NRoSS).
The MoU also encompasses cooperation on related mechanisms like the Delivery versus Payment (DvP) system and the Intraday Settlement Facility.
These initiatives are expected to reduce systemic risks and enhance liquidity flow within the financial system.
The pact is being signed amid a renewed focus on deepening capital markets and strengthening safeguards for the increasing volume of electronic transactions.
BSP Governor Eli M. Remolona, Jr. highlighted the MoU as a catalyst for continued institutional collaboration.
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