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BSP enhances supervision of pawnshops, money service businesses
The Philippine Star
|May 07, 2025
The Bangko Sentral ng Pilipinas (BSP) is adopting a smarter approach to supervise money service businesses (MSBs) and pawnshops to boost financial integrity and prevent financial crimes.
In its Philippine Financial System report, the BSP said it has moved to enhance supervision by applying a proportionate, risk-based approach that aligns oversight with the size, complexity and risk profile of MSBs and pawnshops.
This is done through the Recalibrated Approach for MSB and Pawnshop Supervisory Assessment Framework (RAMPS).
According to the central bank, RAMPS would ensure that regulatory measures match the level of risk, thereby upholding financial integrity and stability while supporting sustainable growth of the pawnshop and MSB sectors.
BSP developed RAMPS as a supervisory framework that is both adaptive and proportional.
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