Philippines

Liquidity Risk

UPDATED – MSME Loans Can Be Counted Towards Reserve Requirements: BSP

By Editors | 20/04/2020

Loans granted to MSMEs can be counted as part of banks’ compliance with reserve requirements. Detailed guidelines will be issued in due course.

Liquidity Risk

BSP Announces New Measures to Support Domestic Liquidity

By Editors | 13/04/2020

The BSP will expand the eligible securities it can purchase in the secondary market to include all peso-denominated government securities, rather than just those that are highly traded and liquid.

Liquidity Risk

BSP Offers Banks Mark-to-Market Relief, Cuts Liquidity Requirements

By Editors | 08/04/2020

The accounting relief allows banks to effectively reverse unrealised losses resulting from a change in fair value. The MLR cut frees up almost $200mn for smaller lenders.

KYC & CDD

The Four e-KYC Models Around the World

By Claus Christensen | 05/04/2020

Claus Christensen at Know Your Customer Ltd identifies four e-KYC models in use across the world, but says that harmonisation and consolidation of these schemes is likely.

Credit Risk

Outlook on 14 APAC Banking Systems is Negative: Moody’s

By Editors | 03/04/2020

Coronavirus-related disruptions will weaken the operating environment and weigh on asset quality, despite policy measures to help mitigate the effects on banks.

Credit Risk

Philippines Mandates 30-Day Grace on Loans During Covid-19 Lockdown

By Editors | 02/04/2020

All lenders are barred from charging interest, penalties, fees, or other charges on all loans to individuals, households, MSMEs and corporate borrowers during Luzon’s enhanced community quarantine.

KYC & CDD

BSP Relaxes KYC Norms During Covid-19 Lockdown

By Editors | 01/04/2020

The move will facilitate the delivery of welfare funds to beneficiaries who have no available valid IDs or transactional account with any financial institution.

Liquidity Risk

BSP Announces RRR Cut, Lenders Asked to Grant Debt Relief

By Editors | 24/03/2020

The 200 basis point cut will release up to 200bn pesos in bank liquidity. Lenders are encouraged to continue lending and to offer debt relief to borrowers.

Liquidity Risk

Philippine Stocks Resume Trading, Central Bank Relaxes Regulations

By Editors | 19/03/2020

The BSP has cut interest rates and relaxed regulations on compliance reporting by banks, calculation of penalties on required reserves, and single borrower limits.