Philippines

    Climate Risk

    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.

    Trading & Investment

    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.

    Conduct, Culture & Accountability

    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.

    Credit Risk

    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.

    Tokenisation

    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.

    Liquidity Risk

    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.

    Trading & Investment

    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.

    Trading & Investment

    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.

    Trading & Investment

    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.

    Structural Regulation

    BSP Set to Issue Digital Bank Licensing Framework

    By Editors | 07/07/2020

    Foreign individuals will be allowed to own up to 40% of a digital bank, while qualified foreign banks can own up to 100%.

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