Philippines

Structural Regulation

Singapore, APEC Countries Issue Rules for Cross-Border Funds Sale

By Editors | 26/02/2015

A regional pact allowing a cross-border offering of funds within Asia Pacific is on track for implementation as Singapore and neighbouring nations in Asia Pacific issue new rules to govern the scheme.

PEPs & Sanctions

Sanctions Compliance Deepens in Asia Pacific, Says SWIFT

By Editors | 25/11/2014

Evolving global sanctions laws aimed at combating financial crime is helping drive adoption of sanctions screening solutions in markets including Asia Pacific.

Structural Regulation

Philippines Lifts Bank Ownership Restrictions for Foreigners

By Editors | 20/11/2014

The Philippines has issued the implementing rules and regulations of the amended foreign banks law that now allows foreign banks to acquire up to 100% of a local lender.

Capital Adequacy

Philippine Regulator Hikes Minimum Capital for Banks

By Editors | 24/10/2014

Philippines’ central bank has raised the minimum capital requirement for all banks in a bid to boost the country’s banking system.

Capital Adequacy

Philippine Central Bank May Require Banks to Raise Minimum Capital

By Editors | 25/09/2014

Philippine banks may be required to increase their minimum capital by as much as four times, a move that may trigger a consolidation in the local banking sector.

Capital Adequacy

Philippine Banks Adhere to Basel III Norms, Says Central Bank

By Editors | 12/08/2014

The buffer capital of Philippine banks remain well above the benchmark set by the Bangko Sentral ng Pilipinas as of end-March, after the new Basel III standards were implemented for the first time at the start of the year, the central bank said.

Trading & Investment

Australia’s Fund Managers to Pursue Asia Region Funds Passport in S. Korea

By Editors | 17/06/2014

Australia’s top fund managers will lead high level discussions with South Korean officials and chief executives on how they can develop closer ties in financial services.

Structural Regulation

Philippine Senate Okays Bill Allowing Full Foreign Ownership of Banks

By Editors | 16/06/2014

The Philippine Senate has approved a bill seeking to expand the participation of foreign banks in the Philippine financial sector.

Structural Regulation

Philippine Central Bank Allows Banks to Set Service Hours

By Editors | 04/06/2014

The Monetary Board is allowing banks to extend operating hours and services even without securing regulatory approval.