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‘IGNACIO BUNYE’ Archives
The Importance of Good Credit
IGNACIO BUNYE (First of two parts) IN the Philippines, the word credit is usually associated with “utang”—thus the ubiquitous “Your Credit is Good But We Need Cash” signboards in many of our local carinderia and sari-sari stores. (more...)
Pawnshop Regulation
IGNACIO BUNYE (Concluded from last week) FINANCIAL consumers, especially those who transact with pawnshops, would be happy to know that the Bangko Sentral ng Pilipinas (BSP) actively supervises pawnshop operations. In addition to coordinating with local government units in weeding out businesses illegally operating as pawnshops, the Bangko [...]
Regulation of Pawnshops
IGNACIO BUNYE (First of Two Parts) Pawnshops have proliferated in the country. Have you ever wondered if they are supervised by any government agency to protect financial consumers? (more...)
Lessons behind prison walls
IGNACIO BUNYE LESSONS of hope and faith can sometimes be found in unlikely places. I had the honor of giving the inspirational speech during the 54th Commencement Exercises of the Muntinlupa National Extension High School this week. (more...)
BSP as Supervisor and Regulator
BY IGNACIO BUNYE (First of Two Parts) One of the three pillars of central banking is effective supervision and regulation. The other two pillars are: 1. maintenance of price stability and 2. maintenance of an effective payment and settlement system. The Bangko Sentral ng Pilipinas acts as supervisor and regulator of the following [...]
Money Laundering History
IGNACIO BUNYE Many of us have probably heard of the term money laundering and wondered what it really is. The word laundering gives us a clue: it has to do with cleaning money. And this is what it really just is, cleaning dirty money. A look into the history of money laundering would explain how it originated and how it has developed and [...]
Have you ever received an e-mail from your bank or credit card company that looks like the “real thing”?
IGNACIO BUNYE The Bangko Sentral ng Pilipinas warns the public of circulating e-mails that “phish” from unsuspecting consumers: you receive a “real-looking” e-mail from what you think is your bank or credit card company, you give them your financial information (credit card or bank details), and before you know it, your money disappears [...]
Overspending and Budgeting
by IGNACIO BUNYE In the last month, I have been writing about the efforts of the Bangko Sentral ng Pilipinas’ Financial Consumer Affairs Group (FCAG) in disseminating helpful consumer tips, especially in light of post-holiday debts. With Valentine’s Day just a day away, it behooves us to (again!) do some serious soul-searching [...]
Dealing with Holiday Debt
by IGNACIO BUNYE Have you experienced the classic “holiday debt hangover”? The Financial Consumer Affairs Group (FCAG) of the Bangko Sentral ng Pilipinas said that this type of hangover is usually experienced during the months following the Yuletide season—when the shopping, parties and gift-giving have practically drained most of your [...]
New Year Financial Resolutions
by IGNACIO BUNYE It is almost the end of January—and only eleven more months until we make a new (more...)
