Philippines

The SEC is seeking a greater degree of regulatory oversight for fintech firms and digital lenders to address "abusive and predatory practices".

EMI licence applications received from non-bank institutions will be processed until 15 December on a first-come, first-served basis.

The Department of Finance is finalising a sustainable finance framework for the issuance of the Philippines' first-ever sovereign green bonds.

The BSP has been in dialogue with ASEAN central banks including MAS, BNM and BOT to make cross-border payment flows cheaper and more seamless.

The ASEAN Sectoral Bodies make inclusivity and credibility central to the regional taxonomy for sustainable finance.

MAS is launching a decentralised platform that will help banks assess the credentials, compliance readiness and credibility of fintech firms.

MAS and the BSP have agreed to pursue real time and QR payment systems links to enable instant, seamless and low-cost cross-border payments.

A five agency agreement will see documentary requirements cut in half and total processing times reduced from 160 to 55 business days.

The GEAPP has committed $100bn to clean energy infrastructure. ADB announced a plan to finance early closures of coal plants in Indonesia and the Philippines.

Citi is asked to submit a detailed plan for how it will protect consumer rights as it exits its retail banking business in Korea.