Philippines

Thailand, Philippines Forge Agreement on Banking Supervision

By Editors | 19/12/2017

Central banks commit to fostering information exchange and cooperation in areas of licensing, on-site examinations, supervisory colleges, crisis management.

Philippines Forges Ahead with Bitcoin Legitimisation

By Manesh Samtani | 18/12/2017

Central bank to regulate virtual currencies for remittance, payments; not yet ready to endorse bitcoin as a currency.

Capital / Liquidity

BoJ Urges Asian Local Currency Debt Market Development

By Garima Chitkara | 30/11/2017

Haruhiko Kuroda says firms in Asia need to diversify their sources of funding to protect against market shocks as ASEAN initiatives increase.

AML / KYC

Southeast Asia CTF Group Established

By Editors | 23/11/2017

Group led initially by AUSTRAC and Philippines Anti-Money Laundering Council aims to disrupt sources of funding, movement and use of funds.

Capital / Liquidity

Philippines Signs up to ASEAN Fund Passport Scheme; Green Bond Standards Introduced

By Garima Chitkara | 09/11/2017

ASEAN conference also hears of plans to allow cross-border transfer of capital markets professionals without additional license requirements.

AML / KYC

Philippines to Ease Forex Rules, Ending Registration System

By Editors | 30/10/2017

Central bank governor says rules will be relaxed so inbound investment, private sector foreign currency borrowing require reporting, not registration.

Capital / Liquidity

Philippines Eyes Single-digit RRR

By Editors | 25/10/2017

Current 20% RRR is one of the highest in the world; capital market development to focus on fixed income and repo markets.

Capital / Liquidity

ASEAN Integration Framework on Course for Completion by 2020

By Editors | 19/10/2017

Banking integration framework will allow cross-border operation by lenders from 10 Southeast Asian nations, BSP official confirms.