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Based on my own careful research and firsthand evaluation, PNB is not overseen by any recognized financial regulatory body, either within the Philippines or internationally. Despite its long history as a major bank in the Philippines and its broad suite of banking and financial services, there is no evidence of regulatory supervision by authorities such as the Bangko Sentral ng Pilipinas (BSP), Securities and Exchange Commission (SEC), or established global regulators like the FCA, ASIC, or CySEC. For me as a trader, the absence of regulatory oversight is a significant red flag, especially when considering any platform or institution for forex or investment activities. Regulation is critical because it provides a framework for transparency, accountability, and customer protections—elements I rely on when evaluating the trustworthiness and safety of any broker or financial entity. Without official regulation, clients carry additional risks, such as limited recourse in case of disputes or malpractices. In my experience, I stick with brokers that can clearly demonstrate active regulatory licenses, as this underpins not just legitimacy but also the fundamental safety of my capital.