Philippines

Market Infrastructure

PSE to Complete Acquisition of Bond Market Operator by 2025

By Mark Johnston | 26/02/2024

The Philippine Stock Exchange has since 2017 been seeking to acquire the Philippine Dealing System Group, which operates the local bond market.

Securities / Derivatives

Philippines Explores Public Listing Options for Two Major State Banks

By Sanday Chongo Kabange | 23/02/2024

The DOF is looking to facilitate stock market listings by LandBank and DBP, among other initiatives to further develop the capital market.

ESG / Sustainability

BSP Approves Adoption of Sustainable Finance Taxonomy for Banks

By Mark Johnston | 23/02/2024

The first version of the taxonomy focuses on climate change mitigation and climate change adaptation. Future iterations will cover biodiversity and circular economy.

Market Infrastructure

Philippines: BSP, PDIC Enhance Cooperative Arrangements

By Sanday Chongo Kabange | 23/02/2024

Banks will no longer need to submit some prudential reports separately to the PDIC, the BSP said.

Fintech / Regtech

BSP Approves GCash Expansion Services to Overseas Filipinos

By Mark Johnston | 22/02/2024

Filipinos in 16 countries can now send money, pay bills and buy load using the GCash app.

BSP to Ease FX Market Access for Nonresident Investors

By Mark Johnston | 21/02/2024

The BSP will remove the need for foreign investors to submit a registration document to access FX from the domestic banking system.

Securities / Derivatives

Philippine Exchange to Launch VWAP Trading on 1 March

By Sanday Chongo Kabange | 20/02/2024

Volume weighted average price (VWAP) trading enables investors to execute large orders without artificially inflating securities prices.

BSP, Deutsche Bundesbank Sign MOU on Capacity Building

By Mark Johnston | 19/02/2024

Philippines’ BSP and Germany’s Bundesbank signed an MOU to enhance capacity-building efforts through tailored training and advisory services.

Capital / Liquidity

Philippines Mulls Increase to Deposit Insurance Limit – Report

By Editors | 16/02/2024

The PDIC will consult the BSP on whether an increase in the deposit insurance limit would have to be introduced alongside measures to mitigate moral hazard risks.