Philippines

Payments & Settlements

BSP Pursues Cross Border Payment Links with Malaysia, Thailand

By Editors | 16/11/2021

The BSP has been in dialogue with ASEAN central banks including MAS, BNM and BOT to make cross-border payment flows cheaper and more seamless.

Reporting & Disclosures

ASEAN Sectoral Bodies Publish Taxonomy for Sustainable Finance

By Mark Johnston | 11/11/2021

The ASEAN Sectoral Bodies make inclusivity and credibility central to the regional taxonomy for sustainable finance.

DeFi & Web3

MAS to Launch Decentralised Credentials Platform for Fintechs

By Mark Johnston | 09/11/2021

MAS is launching a decentralised platform that will help banks assess the credentials, compliance readiness and credibility of fintech firms.

Payments & Settlements

Singapore, Philippines to Pursue Cross Border Payment Links

By Editors | 08/11/2021

MAS and the BSP have agreed to pursue real time and QR payment systems links to enable instant, seamless and low-cost cross-border payments.

Structural Regulation

Philippines Streamlines Bank Merger Application Processes

By Editors | 07/11/2021

A five agency agreement will see documentary requirements cut in half and total processing times reduced from 160 to 55 business days.

Sustainable Finance

New Alliances Target Energy Infrastructure, Lower Emissions

By Mark Johnston | 05/11/2021

The GEAPP has committed $100bn to clean energy infrastructure. ADB announced a plan to finance early closures of coal plants in Indonesia and the Philippines.

Resolution & Recovery

FSC Korea Orders Citi to Submit Detailed Plans on Market Exit

By Editors | 31/10/2021

Citi is asked to submit a detailed plan for how it will protect consumer rights as it exits its retail banking business in Korea.

Sustainable Finance

BSP Directs Banks to Integrate Environmental, Social Risks

By Editors | 31/10/2021

Banks have to integrate environmental and social risk in their risk management frameworks and when defining their credit strategy.

Credit Risk

BOT Relaxes Mortgage Lending Rules to Boost Property Market

By Editors | 28/10/2021

The BOT is allowing LTV ratios of up to 110 percent, including top-up loans for home decoration, for first homes priced below THB 10 million.