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Sustainable Finance
Philippine SEC Issues Draft Rules for SRI Funds
By Mark Johnston | 25/01/2022
To qualify as an SRI fund, an investment company must have at least 70 percent of its NAV allotted to ESG investments.
Conduct, Culture & Accountability
BSP Calls for Passage of New Financial Consumer Protection Act
By Mark Johnston | 24/01/2022
The Act establishes stronger protection standards for consumers, promotes transparent and responsible pricing, and give regulators more teeth.
AI Risk & Governance
BSP to Enhance Policy Formulation Through Big Data
By Editors | 19/01/2022
The BSP has partnered with the University of the Philippines to develop a News Sentiment Index, which will lead to more targeted policy formulation.
Sustainable Finance
BSP Evaluates Sustainable Finance Incentives for Banks
By Mark Johnston | 18/01/2022
The BSP is considering using preferential rediscount rates and providing high value loans to help banks finance green loans and sustainable investments.
Sustainable Finance
Philippine Govt Launches Sustainable Finance Framework
By Mark Johnston | 17/01/2022
The framework sets out a roadmap on how the government intends to raise green, social and sustainability bonds, loans, and other debt instruments in international capital markets.
Market Risk
BSP Allows More FIs to Engage in FX Transactions
By Editors | 11/01/2022
The amendments allow Islamic banks and digital banks to engage in FX transactions and streamline licensing requirements for banks.
Payments & Settlements
Philippines Caps Charges Allowed on Small Value Loans
By Editors | 09/01/2022
The caps apply to the charges imposed on borrowers of small-value loans by lending firms, financing companies and online lending platforms.
Anti-Money Laundering
BSP Directs Banks to Help Curb Vote-Buying Ahead of National Election
By Editors | 05/01/2022
Banks should “at a minimum” consider four scenarios when calibrating their fraud management systems and account and transaction monitoring rules/parameters.
Fraud, Scams & Cybercrime
Philippine DOJ Signs MoU with BAP on Cybercrime Prevention
By Mark Johnston | 03/01/2022
The MoU aims to formalise the establishment of a collective, coordinated, and strategic cyber response within the banking industry.
Credit Risk
BSP to Enhance Bank Reporting of Credit, Equity Exposures
By Editors | 31/12/2021
Banks will pilot test the new submissions from February until May 2022, using data from the 30 June 2021 reporting period.
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