Philippines

Market Infrastructure

Philippines Lifts 17-year Ban on New Bank Licenses

By Samuel Riding | 11/02/2016

Central bank to fully remove moratorium on new approvals by 2018.

BSP Takes on Credit Card Regulation

By Samuel Riding | 03/02/2016

Central bank to have supervisory powers over credit card issuers, acquirers and transactions.

Market Infrastructure

PSE Submits Fixed Income Exchange Takeover Bid

By Samuel Riding | 28/01/2016

Philippine Stock Exchange meets extended deadline to submit detailed proposal on consolidation of equity, fixed income markets.

Market Infrastructure

BSP Suggests Domestic Banks Seek Foreign Capital

By Samuel Riding | 27/01/2016

Philippine central bank says greater competition and global capital, risk standards could hurt incumbents.

PSE-PSD Merger Deadline Extended

By Samuel Riding | 21/12/2015

SEC gives Philippine Stock Exchange extra 45 days to respond to queries on proposed merger with fixed income bourse operator.

PSE Faces Queries on PDS Deal

By Samuel Riding | 07/12/2015

Philippine Stock Exchange working to answer regulator’s questions on takeover of fixed income bourse operator.

BSP Tightens Regulations on Family-owned Banks

By Samuel Riding | 03/12/2015

Philippines central bank says conglomerate and family-owned banks must maintain ‘arm’s length’ principle.

Crypto / Digital Assets

Swift Seeks Regulatory Unity on Cryptocurrencies

By Samuel Riding | 24/11/2015

Payment service network’s research platform suggests regulatory uncertainty is hindering AML and CTF efforts.

Philippine Stock Exchange to Boost Stake in PDS

By Samuel Riding | 23/11/2015

Philippine Stock Exchange currently holds 20.98 percent in operator of Philippine Dealing Exchange.