{"id":11973,"date":"2017-01-13T09:53:00","date_gmt":"2017-01-13T01:53:00","guid":{"rendered":"http:\/\/primer.com.ph\/blog\/?p=11973"},"modified":"2017-01-12T10:06:57","modified_gmt":"2017-01-12T02:06:57","slug":"bsp-imposes-stricter-guidelines-for-pawnshops","status":"publish","type":"post","link":"https:\/\/primer.com.ph\/blog\/2017\/01\/13\/bsp-imposes-stricter-guidelines-for-pawnshops\/","title":{"rendered":"BSP imposes stricter guidelines for pawnshops"},"content":{"rendered":"<p>According to an article published by <em><a href=\"http:\/\/www.philstar.com\/business\/2017\/01\/09\/1660822\/bsp-issues-stricter-guidelines-pawnshops\">Philippine Star<\/a>, <\/em>the Bangko Sentral ng Pilipinas has started pronouncing \u00a0a stricter guideline for governing pawnshops.\u00a0.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-11974\" src=\"https:\/\/primer.com.ph\/blog\/wp-content\/uploads\/sites\/14\/2017\/01\/bangko-sentral-ng-pilipinas.jpg\" alt=\"bangko-sentral-ng-pilipinas\" width=\"600\" height=\"410\" srcset=\"https:\/\/primer.com.ph\/blog\/wp-content\/uploads\/sites\/14\/2017\/01\/bangko-sentral-ng-pilipinas.jpg 600w, https:\/\/primer.com.ph\/blog\/wp-content\/uploads\/sites\/14\/2017\/01\/bangko-sentral-ng-pilipinas-300x205.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/p>\n<p style=\"text-align: center\"><em>(Image grabbed from \u00a0<a href=\"http:\/\/www.philstar.com\/business\/2016\/12\/23\/1655928\/bank-mergers-acquisitions-get-bsp-perks\">Philippine Star<\/a>)<\/em><\/p>\n<p>The industry plays an important role in building a more inclusive financial system and protecting the welfare of financial consumers, which is why BSP Governor Amando Tetangco Jr. has issued Circular 938 amending the manual regulation for pawnshops.<\/p>\n<p>Last December 23, a new supervisory has been approved by the central bank as part of a series of reforms instituted by the BSP to promote a more responsive regulatory.<\/p>\n<p>It \u00a0was April last year when Bangko Sentral Deputy Governor Nestor Espenilla Jr. tried to study and put up a strategy on modifying foreign exchange regulations, and putting an emphasis on the anti money laundering act law to prevent scam happening in the future.<\/p>\n<p>Existing pawnshops are given one year from the date of effectivity of the new regulations to secure their BSP license to operate a pawnshop business<\/p>\n<p><em>Sources: <\/em><a href=\"http:\/\/www.philstar.com\/business\/2017\/01\/09\/1660822\/bsp-issues-stricter-guidelines-pawnshops\"><em>www.philstar.com<\/em><\/a>, <em><a href=\"http:\/\/manilastandard.net\/business\/203779\/bsp-to-issue-more-strict-regulations-covering-pawnshops.html\">manilastandard.net<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bangko Sentral ng Pilipinas imposes stricter guidelines for pawnshops<\/p>\n","protected":false},"author":3,"featured_media":11974,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[1982,1271,1984,1983],"class_list":["post-11973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-current-events","tag-bangko-sentral-ng-pilipinas","tag-bsp","tag-guidelines","tag-pawnshops"],"acf":[],"jetpack_featured_media_url":"https:\/\/primer.com.ph\/blog\/wp-content\/uploads\/sites\/14\/2017\/01\/bangko-sentral-ng-pilipinas.jpg","_links":{"self":[{"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/posts\/11973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/comments?post=11973"}],"version-history":[{"count":1,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/posts\/11973\/revisions"}],"predecessor-version":[{"id":11975,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/posts\/11973\/revisions\/11975"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/media\/11974"}],"wp:attachment":[{"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/media?parent=11973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/categories?post=11973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/tags?post=11973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}