Philippines

Clearing & Post-Trade

Thai Stock Exchange Eyes Move to T+2

By Samuel Riding | 10/02/2017

Bond market, futures exchange already support T+2, T+1 settlement.

Cryptocurrency

BSP Sets Virtual Currency Exchange Rules

By Samuel Riding | 09/02/2017

New guidelines aim to regulate digital currencies used in financial services delivery to curb AML, CTF.

Structural Regulation

Philippines Central Bank Governor Declines Reappointment

By Samuel Riding | 08/02/2017

Amando Tetangco has served for 12 years; 3 monetary board members to also step down.

Anti-Money Laundering

Philippine AMLC Chief Quits

By Samuel Riding | 01/02/2017

Resignation follows last year’s harsh criticism from president Duterte.

Anti-Money Laundering

Bangladesh Central Bank to Install New SWIFT System

By Samuel Riding | 30/01/2017

New cybersecurity system aims to avoid ‘unwanted incidents’ in overseas payments.

Structural Regulation

Slow Progress on ASEAN Banking Integration

By Samuel Riding | 26/01/2017

Fitch Ratings suggests full integration a ‘very distant goal’.

Anti-Money Laundering

Philippines Tightens Money Service Rules

By Samuel Riding | 23/01/2017

New rules limit cash transactions, require compliance with Anti-Money Laundering Act provisions.

KYC & CDD

Philippine Authorises ‘Cash Agents’ in Financial Inclusion Drive

By Samuel Riding | 20/01/2017

Banks will be allowed to use off-site agents, including at convenience stores, to provide withdrawals, conduct KYC.

Fraud, Scams & Cybercrime

Bangladesh to Delay Heist Report Until Money Recovered

By Samuel Riding | 19/01/2017

Central bank officials accused of negligence in theft of $81 million.