Philippines

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.

Trading & Investment

ASEAN Exchanges Launches Three New Tradable ASEAN Indices

By Editors | 30/05/2014

ASEAN Exchanges has launched an expanded FTSE ASEAN Index Series including a comprehensive suite of indices broadly covering the growing ASEAN equity market.

Credit Risk

Philippine Banks to Submit Stress Test Reports

By Editors | 20/05/2014

The Philippine central bank plans a stress test on banks and are asking lenders to submit reports on their assessment on the impact of interest rate changes on the real estate sector and on their balance sheets.

Trading & Investment

Indonesia’s Regulator to Promote Domestic Investors Entry in Markets

By Editors | 07/05/2014

The Financial Services Authority (OJK) says it will focus on encouraging more domestic investors into the country’s foreign-dominated capital market.

Structural Regulation

Finance Authorities in Asia Boost Cooperation on Oversight, Regulation

By Editors | 29/04/2014

Financial authorities in Asia have strengthened ties to advance their financial cooperation through the discussion of critical and common issues that affect markets in the region.

Structural Regulation

APEC Issues Consultation Paper on Asia Region Funds Passport

By Editors | 17/04/2014

The Asia-Pacific Economic Cooperation (APEC) governments are seeking views on a proposal that will facilitate cross border issuing of managed investment funds within makers of key member economies.

Credit Risk

Philippine Central Bank Eyes Conduits in Banks’ Loans to SMEs

By Editors | 07/04/2014

Philippine regulators plan to establish conduits that can help banks comply with mandatory lending rules to small businesses.

Anti-Money Laundering

Philippine Govt Agency Seeks to Lift Bank Secrecy Law for Tax Purposes

By Editors | 03/04/2014

The Bureau of Internal Revenue stressed the need to lift the bank secrecy law for tax purposes to bring the Philippines in line with countries establishing a single and consistent global standard in tracking tax fraud.

KYC & CDD

Philippine Banks Not Complying with FATCA May Face Sanctions

By Editors | 19/03/2014

Philippine banks with US-citizen clients who are non-compliant with US tax rules may face sanctions.