Philippines

KYC & CDD

Philippines to Allow ‘Video Messaging’ KYC

By Samuel Riding | 10/03/2017

BSP deputy governor says new rules will ease banking access in rural areas.

Anti-Money Laundering

US Issues ML, Financial Crimes Report

By Samuel Riding | 07/03/2017

Institutions in 3 Asian countries said to deal in proceeds from drug trafficking that ‘significantly affects’ US.

Structural Regulation

BSP Considering License Applications of 6 Foreign Banks

By Samuel Riding | 02/03/2017

14 foreign institutions have set up operations in the country since liberalisation in 2014.

Cybersecurity

HK Regulatory, Compliance Demand Steady

By Samuel Riding | 01/03/2017

Morgan McKinley report says cybersecurity among the strongest areas of demand.

Structural Regulation

PSE Set to Agree Fixed Income Exchange Merger

By Samuel Riding | 28/02/2017

CEO Hans Sicat expected to become head of corporate bond board operator.

Liquidity Risk

Philippines Eases Bank Liquidity Requirements

By Samuel Riding | 20/02/2017

Central bank says upcoming LCR will provide ‘better gauge of liquidity standing’.

Market Risk

OTC Margining – Delaying the Inevitable, Inevitably

By Samuel Riding | 16/02/2017

Regulators, and those they regulate, simply weren’t ready to implement variation margin requirements.

Liquidity Risk

Philippine Central Bank Warns on VM Liquidity Risk

By Samuel Riding | 15/02/2017

BSP urges banks to assess readiness to comply, evaluate impact on operational risk.

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.