Bangko Sentral ng Pilipinas controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2012
Anonymous Philippines website hack
The BSP website was hacked by Anonymous Philippines during a protest against the Cybercrime Prevention Act. The website was restored after the incident.
1984
Central Bank reserve overstatement and insolvency crisis
A Monetary Board report identified an approximately USD 600 million overstatement of dollar reserves linked to anomalous transactions. The old Central Bank was also weakened by politically directed lending, emergency support for failing institutions, government-deficit financing, and loss-making assets, ultimately contributing to insolvency.