Philippines

Structural Regulation

Philippines Eases Bank Branch Opening Rules

By Samuel Riding | 12/12/2016

Lenders will now be able to set up branches in previously restricted areas.

Trading & Investment

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.

Emerging Prudential Risks

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.

Anti-Money Laundering

Philippines Set to Boost AML Council Powers

By Samuel Riding | 02/12/2016

Strengthened AML Act would include power to immediately freeze accounts.

Structural Regulation

Thailand, Myanmar Discuss Banking Equivalency

By Samuel Riding | 30/11/2016

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

Liquidity Risk

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.

Structural Regulation

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.

Anti-Money Laundering

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.

Resolution & Recovery

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.