Philippines

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.

KYC & CDD

High Level of Compliance with New Philippines Securities Rules

By Samuel Riding | 21/02/2016

Regulator says 88 of 133 firms meet new regulations despite objections from brokers and dealers association.

Structural Regulation

SEC to Rule on Philippines Exchange Merger

By Samuel Riding | 16/02/2016

Regulator to decide on merger of fixed income and equity exchanges within two months.

Structural Regulation

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.