Philippines

Securities / Derivatives

Philippines Enhances Fair Value Pricing of Financial Instruments

By Editors | 16/11/2018

The new guidelines tweak rules on marking to market to align with international standards, promote transparency and confidence in the markets, and encourage active market trading.

Big Picture

ISDA Publishes Updated Template for Close-Out Netting Legislation

By Manesh Samtani | 17/10/2018

Jurisdictions are increasingly seeking guidance on implementing legislation to ensure the enforceability of close-out netting, the “single most important risk mitigation tool in derivatives markets”.

Capital / Liquidity

IFRS 9 Does Not Materially Affect APAC Banks’ Fundamentals – Moody’s

By Manesh Samtani | 16/10/2018

Moody’s says problem loan coverage has improved for many APAC banks, offsetting overall declines in CET1 ratios as a result of IFRS 9.

Market Infrastructure

ACMF Launches Social and Sustainability Bond Standards for ASEAN

By Editors | 16/10/2018

The new standards complement the ASEAN Green Bond Standards introduced last year. A new framework also announced will facilitate cross-border movement of investment advisers.

Fintech / Regtech

Thailand’s Kasikornbank Joins Visa in Blockchain Payments Pilot

By Editors | 27/09/2018

Visa B2B Connect uses blockchain tech to enable faster, simpler and more secure processing of payments between participating banks on behalf of corporate clients.

Market Infrastructure

Philippines Passes Bill Appointing Central Bank As Payments Regulator

By Garima Chitkara | 30/08/2018

BSP appointed as payments regulator in the Philippines to ensure safe and efficient functioning of the country’s payments system, promote interoperability among payment networks and incorporate digital payments.

Market Infrastructure

BSP Unveils First Financial Stability Report

By Garima Chitkara | 30/08/2018

Inaugural financial stability report focuses on impact of higher interest rates and weakening EM currencies on outstanding debt. It also looks at potential financial stability implications from fintech and ASEAN integration.

Market Infrastructure

India Tops Global Data Breach List For 2018 – Report

By Garima Chitkara | 22/08/2018

India, Vietnam and Australia were among the top five jurisdictions globally in terms of records exposed.

Securities / Derivatives

Philippines Eases Bond Issuance Rules for Banks

By Manesh Samtani | 15/08/2018

BSP circular says banks do not need prior approval of central bank to issue bonds and commercial papers and sets out eligibility criteria for issuers.