Philippines

Capital / Liquidity

BSP Cuts Reserve Requirement for Philippine Banks

By Editors | 17/02/2018

The 100 basis point RRR reduction is expected to free up PHP90 billion of liquidity in the financial system.

AML / KYC

Europe’s Latest AML Directive a Huge Challenge for Asian Operations

By Bradley Maclean | 14/02/2018

4th AMLD to prove a headache for Asian institutions which already share clients and data with EU-based subsidiaries, potentially influencing Asia-based parent institutions themselves.

Capital / Liquidity

Philippines to Implement Minimum Liquidity Ratio for Small Banks

By Garima Chitkara | 12/02/2018

Smaller banks subject to LCR of 100 percent if they are subsidiaries of larger banks and minimum liquidity ratio of 20 percent if standalone.

Philippines to Expand List of Allowable Loan Collateral

By Garima Chitkara | 07/02/2018

New law, currently in Congress, will expand financing to SME and agricultural sector by allowing movable collateral.

Fintech / Regtech

The Philippines to Introduce Cryptocurrency Regulation This Year

By Garima Chitkara | 01/02/2018

New rules, expected by year end, aimed at investor protection as Philippines investigates unlicensed ICO issuers.

Capital / Liquidity

Philippines Mulling Counter-cyclical Buffer for Banks

By Garima Chitkara | 01/02/2018

New prudential tool to help stem losses from excessive credit growth; framework to be issued for consultation in first half of the year.

AML / KYC

Philippines Will Now Report Cross Border Banking Stats to BIS

By Editors | 17/01/2018

BSP has begun reporting international banking statistics from January 2018, having met BIS standards for completeness and quality.

Securities / Derivatives

Higher Stock Transaction Tax to Impact Trading Volume: PSE

By Garima Chitkara | 05/01/2018

Stock transaction tax increased 20% from 1 January 2018; change in timeline took exchange by surprise.

Philippines Issues New Guidelines on Bank Stress Tests

By Editors | 26/12/2017

Central bank gives financial institutions two years to meet new risk management expectations.