Philippines

Securities / Derivatives

PSE Kicks off USD Securities Regime

By Samuel Riding | 08/12/2016

Exchange to hold training sessions for traders and back office staff; expects REIT regulation soon.

AML / KYC

Philippine Central Bank Pushes Reform of 23-Year-Old Charter

By Samuel Riding | 07/12/2016

Reform would see BSP receive more financial support to enhance regulatory and supervisory powers.

AML / KYC

Philippines Set to Boost AML Council Powers

By Samuel Riding | 02/12/2016

Strengthened AML Act would include power to immediately freeze accounts.

Market Infrastructure

Thailand, Myanmar Discuss Banking Equivalency

By Samuel Riding | 30/11/2016

Agreement under ASEAN Banking Integration Framework would be 1st for Myanmar.

BSP to Bar Trusts from Deposit Facilities

By Samuel Riding | 28/11/2016

Regulator says move should prompt trust companies to invest in capital markets.

Market Infrastructure

Philippines to Start Thailand, Indonesia Banking Integration Talks

By Samuel Riding | 25/11/2016

Agreement would allow countries’ banks to operate subsidiaries in each other’s markets.

AML / KYC

Philippines AML Council Files Charges Against RCBC Officials

By Samuel Riding | 24/11/2016

Regulator says officials should have acted on ‘red flags’ on Bangladesh heist money.

Market Infrastructure

BSP Shuts 20th Lender in 2016

By Samuel Riding | 21/11/2016

‘Ailing’ rural bank had total deposit liabilities of USD573,845, insured deposits of USD493,305.

AML / KYC

Duterte Accuses BSP, AMLC of Recklessness

By Samuel Riding | 16/11/2016

Philippines president says regulators are not cooperating with government money laundering investigations.