BSP, Treasury team up to boost security of payment systems

The Bangko Sentral ng Pilipinas (BSP) and the Bureau of the Treasury (BTr) have joined forces to reinforce the safety and resilience of the country’s key financial market systems.

Through a memorandum of understanding (MOU) signed at the BSP office, the two institutions committed to safeguarding interconnected platforms such as the BSP’s Peso real-time gross settlement system (PhilPaSSplus) and the BTr’s National Registry of Scripless Securities (NRoSS). These systems are essential for processing transactions involving government and BSP securities.

The agreement also covers systems tied to Delivery versus Payment (DvP) and the Intraday Settlement Facility (ISF), with both agencies agreeing to align with global standards and regularly evaluate their infrastructure for strategic and operational soundness.

National Treasurer Sharon Almanza described the partnership as a critical step in maintaining financial market confidence. “NRoSS and the BSP’s Peso RTGS form the backbone of our financial market infrastructure,” she said. “This collaboration ensures our systems remain secure, stable, and future-ready.”

BSP Governor Eli Remolona Jr. echoed her sentiments, stressing that the partnership goes beyond the MOU. “This isn’t just a document—it’s a shared commitment to strengthen our systems and deepen the capital markets,” he said.

Remolona also highlighted the BSP’s support for retail investment initiatives like G-Bonds, recently launched by the Treasury in partnership with GCash, as part of broader efforts to make financial markets more inclusive.