In order to due do this, the BSP streamlines the money exchange process as well as other financial dealings in the forex trading industry. It is not compulsory for traders to choose BSP regulated brokers as there are no such restrictions imposed on Philippine traders. The responsibilities of the BSP differ slightly from the majority of regulatory bodies governing financial markets.
Regulatory Protocols That Control FINMA Forex Brokers
The BSP protects consumers and investors like you largely by stabilizing and protecting the Philippines economy. They help to do this by extending loans, raising capital, the issuing of advances, offering discounts, and they act as a depository for financial institutions if the economy of the country is effected negatively and needs them to step up.
The BSP is very important for the economy and protects investors through these various methods as well as by keeping the liquidity of the market in demand of the economy. However, the BSP does impose their regulations on brokers regarding forex transactions and the peso dollars Pilipino currency. This page may not include all available products, all companies or all services. Introduction to BSP Regulation The Banko Sentral ng Pilipinas was first established in as early as , and has grown and changed over the years with the passing of new bills laws and regulations.
BSP Responsibilities The responsibilities of the BSP differ slightly from the majority of regulatory bodies governing financial markets. Your capital is at risk. ABOUT US FX Empire - the company, employees, subsidiaries, and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as link result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.
FX Empire may receive compensation from the companies featured on the network. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. FX Empire bears no responsibility for any trading losses you might incur as link result of using any data within the FX Empire.
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