Philippines

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.

Trading & Investment

Philippine SEC Drafts Structured Warrant Listing Rules

By Samuel Riding | 17/01/2017

New rules will allow financial products attached with other assets to be registered and traded.

Resolution & Recovery

Philippines Shuts 1st Rural Bank in 2017

By Samuel Riding | 16/01/2017

There are still 471 rural lenders left as BSP efforts to rationalise sector continue.