Philippines Central Bank Issues Voluntary AI Governance Principles

The Philippines is moving toward more structured AI oversight through a mix of agency guidance, sector-specific supervision, and proposed legislation.

The Bangko Sentral ng Pilipinas has issued voluntary principles for supervised financial institutions, covering transparency, accountability, fairness, security, lifecycle monitoring, and outsourced providers. At the national level, multiple agencies and lawmakers are working on a broader framework, but the country still lacks a single lead AI regulator and a comprehensive binding statute.