Philippines

ESG / Sustainability

Asia Wakes Up to Blue Finance Regulation

By David Green | 14/11/2023

Blue finance regulatory frameworks are starting to make ripples as the ocean cause expands its reach to Asia.

Capital / Liquidity

BSP Approves Rules for New Intraday Settlement Facility

By Editors | 13/11/2023

The facility will allow eligible participants to borrow funds from the BSP to ensure timely execution of RTGS settlements.

Securities / Derivatives

Philippine Stock Exchange Debuts Short Selling – Report

By Editors | 06/11/2023

A total of 52 stocks and one ETF are available for short-selling. The PSE first proposed to allow short-selling in 1996.

Crypto / Digital Assets

UnionBank Becomes First Philippine Bank to Obtain VASP Licence

By Editors | 31/10/2023

The bank said it will use the new licence to expand its offerings and provide clients a broader range of financial services powered by blockchain.

Fintech / Regtech

BSP Set to Launch Pilot Testing for New ITRS

By Sanday Chongo Kabange | 27/10/2023

The BSP has started sending banks XML schema definitions for its new International Transactions Reporting System.

Enforcement

Philippines: Immigration Officer Jailed for Falsifying Wirecard COO Travel Records

By Mark Johnston | 25/10/2023

The immigration officer was sentenced to nine years in prison for tampering with travel records for Jan Marsalek, who is wanted by INTERPOL.

AML / KYC

BSP Highlights Importance of PEPs Due Diligence

By Sanday Chongo Kabange | 11/10/2023

Domestic and international organisation PEPs, unlike foreign PEPs, are not automatically considered as high risk.

ESG / Sustainability

Philippine SEC Consults on Revised Sustainability Reporting Guidelines

By Editors | 04/10/2023

Listed companies will be required to submit sustainability reports in two formats. Consultation is open until 16 October.

Securities / Derivatives

Philippine Stock Exchange Issues Final Short Selling Guidelines

By Sanday Chongo Kabange | 04/10/2023

The PSE said the SEC and BIR approved critical components of SBL transactions. A separate announcement will be made about the official launch date.