Philippines

Reporting & Disclosures

Philippine Regulators Proposes Sustainable Finance Taxonomy Guidelines

By Editors | 19/09/2023

A taxonomy guidelines initially focuses on climate change mitigation and adaptation, using a traffic light approach to reflect a transition category.

Fraud, Scams & Cybercrime

Philippine SEC Teams Up With US Counterpart, IOSCO to Tackle Securities-related Crime

By Editors | 15/09/2023

The Philippines SEC is looking to strengthen its enforcement capabilities to protect investors from securities fraud and other forms of investment scams.

Structural Regulation

AFI Members Sign ‘Manila Manifesto’ to Boost Financial Inclusion

By Mark Johnston | 14/09/2023

Members of the Alliance for Financial Inclusion pledged to work with global standard setters to promote financial inclusion.

Structural Regulation

SEC Philippines Allows Crowdfunding Platforms to Act as Registrars

By Sanday Chongo Kabange | 14/09/2023

To date, only traditional financial intermediaries have been allowed to act as registrars under the securities regulation code.

Reporting & Disclosures

ASEAN Exchanges Agree on New Set of ESG Metrics

By Editors | 13/09/2023

Previously, Environment (E) and Social (S) metrics were developed. The exchanges have now agreed on complementary Governance (G) metrics.

Cryptocurrency

India’s Crypto Market Booms Despite Regulatory Challenges – Chainalysis

By Jill Wong | 12/09/2023

The global crypto adoption index seeks to rank markets based on the people’s share of wealth put into cryptocurrencies.

CBDCs

BSP Announces Key Technology Decision for CBDC Pilot

By Sanday Chongo Kabange | 10/09/2023

Participating financial institutions will test the use of wholesale CBDC technology alongside PhilPaSSplus in a sandbox environment.

Reporting & Disclosures

SEC Philippines to Issue Revised Sustainability Reporting Guidelines

By Sanday Chongo Kabange | 08/09/2023

The SEC says the revised guidelines will take into account the IFRS S1 and S2 standards and ensure listed companies report sustainability information consistently.

Structural Regulation

BSP Engages Saudi Arabia in Push to Develop Islamic Banking Sector

By Sanday Chongo Kabange | 08/09/2023

The BSP has asked Saudi Arabian banks to help promote and develop Islamic banking and finance in the Philippines.