Regulatory Alerts2026-07-06
Added · Updated
Guidelines on Querying the Bangko Sentral ng Pilipinas Records through the BSP Fit and Proper System
The Bangko Sentral ng Pilipinas (BSP) issued guidelines for all banks on querying BSP records through the new web-based BSP Fit and Proper System (FitPro). This system is required for banks to screen pre-employment applicants against BSP records, as mandated by Section 146 of the Manual of Regulations for Banks, and necessitates specific documentary submissions for registration and access. Banks must ensure applicants complete a prescribed Authorization Form for Querying (AFQ) before initiating searches, and are reminded to use FitPro information solely for authorized purposes while maintaining strict confidentiality.
Topics
governance
privacy
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