Philippines

Liquidity Risk

Philippines: Adapting to LCR

By Wolters Kluwer Financial Services | 05/05/2016

One of the biggest pain points banks in the Philippines will soon face is the calculation of liquidity coverage, according to Wolters Kluwer.

Structural Regulation

ASEAN Regulators Finalise Implementation Plans

By Samuel Riding | 12/04/2016

Capital Markets Forum plans include capacity building, ‘young regulators’ programme.

Anti-Money Laundering

Philippine Stock Exchange to Tighten AML Measures

By Samuel Riding | 05/04/2016

Enhanced KYC rules to be introduced in aftermath of Bangladesh Bank scandal.

Structural Regulation

Graeme Wheeler to Head BIS’s Asian Council

By Samuel Riding | 01/04/2016

New Zealand Reserve Bank Governor replaces Amando Tetangco Jr of BSG.

Anti-Money Laundering

Gambling with Financial Inclusion

By Peter Guy | 29/03/2016

Casinos exemption from AML could jeopardise the money transfer and remittance services on which Philippines’ economy depends.

Anti-Money Laundering

Philippines Banking Association Eyes Financial Crime Unit

By Samuel Riding | 17/03/2016

Incoming BAP president to consider predecessor’s recommendation for AML, CTF committee.

Fraud, Scams & Cybercrime

Bangladesh Bank Claims Hackers Attempted to Take $951mn

By Editors | 15/03/2016

Finance Minister learned of it only a month later when news initially appeared in the media.

KYC & CDD

Ownership Disclosure Rule Creates Market Risk – PSE

By Samuel Riding | 01/03/2016

Head of Philippine Stock Exchange says compliance with rule is ‘close to impossible’.

Structural Regulation

Philippines Confirms New Bank Approval Rules

By Samuel Riding | 23/02/2016

Central bank confirms complete lifting of moratorium from 1 January, 2018.