Philippines

ESG / Sustainability

BSP Joins Network for Greening the Financial System

By Editors | 04/08/2020

The NGFS membership will strengthen BSP’s collaboration with central banks and supervisors on the effective management of climate risks in the financial sector.

Securities / Derivatives

HKEX Launches Second Batch of MSCI Index Futures

By Editors | 04/08/2020

The next batch of contracts is due to be launched on 17 August, with the final four contracts still awaiting regulatory approval.

Fintech / Regtech

BSP Pilot Tests New Chatbot for Consumer Complaints

By Editors | 31/07/2020

The chatbot can handle queries and complaints from consumers sent through chat via the BSP website, SMS, or Facebook messenger.

Securities / Derivatives

BSP Excludes Market-making Activities from Single Borrower Limit

By Editors | 29/07/2020

Debt securities acquired by banks from market-making activities will be excluded from the single borrower’s limit computation for 90 calendar days from the time of acquisition.

Crypto / Digital Assets

Philippines Launches DLT-based Distribution of Retail Treasury Bonds

By Sanday Chongo Kabange | 29/07/2020

The launch of ‘Bonds.PH’ paves the way for the unbanked to affordably and easily invest in retail treasury bonds, said National Treasurer Rosalia V. De Leon.

Capital / Liquidity

BSP Cuts Reserve Requirements for Smaller Banks

By Editors | 21/07/2020

The move to lower the reserve requirement ratio for thrift, rural and cooperative banks will release an estimated $200mn into the economy.

Securities / Derivatives

CFTC Grants Certification to 23 HKFE Index Futures Contracts

By Editors | 20/07/2020

The 23 contracts can be offered and sold to US persons, and are among the new products being introduced as part of a ten-year licensing agreement with MSCI.

AML / KYC

BSP to Promote Inclusion by Lowering Investment Account Minimum

By Editors | 15/07/2020

The BSP is considering lowering minimum amount a client must maintain in an investment account from ₱1mn to ₱100,000.

Securities / Derivatives

Philippines Proposes Regulatory Framework for Corporate Debt Funds

By Sanday Chongo Kabange | 13/07/2020

The new closed-end investment vehicle will enable investment in debt paper issued by large and medium-sized corporations, to help avert credit and liquidity crises.