Philippines

Capital / Liquidity

Philippine Central Bank Seeks to Capture Property Loan, Project Financing Risks

By Editors | 25/09/2017

Lenders face tighter loan, financing reporting requirements as central bank says it will target ‘areas which require supervisory action’.

Fintech / Regtech

ASEAN Fintechs, Banks Set up Pan-regional Sandbox to Boost Financial Inclusion

By Samuel Riding | 21/09/2017

Sandbox board includes ASEAN Bankers Association, Monetary Authority of Singapore and is being advised by Intel, Microsoft Asia Pacific and IBM Philippines.

AML / KYC

Philippines Banker Indicted for Bangladesh Heist Role

By Editors | 11/09/2017

Banker accused of facilitating transfer of $14mn into fake accounts, transferring money to a single account without following KYC procedures.

Capital / Liquidity

Philippine Central Bank Strengthens Compliance Standards

By Editors | 28/08/2017

Chief compliance officer must be full-time, boards given overarching responsibility; foreign banks must translate all documents into English.

Fintech / Regtech

Philippines Central Bank to Embrace Regtech

By Samuel Riding | 21/08/2017

Regtech to include API for FIs’ reporting; BSP to push financial services firms to improve cyberdefences; two bitcoin exchanges get regulatory approval.

AML / KYC

Philippines Removed from AML/CTF Blacklist

By Samuel Riding | 16/08/2017

Asia / Pacific Group also removes Pakistan, Taiwan and Vietnam from list of closely monitored countries after improvements in AML/CTF regimes.

Market Infrastructure

Thai Bank Governor Calls for Greater Financial Connectivity Across Region

By Garima Chitkara | 10/08/2017

Central bank governor made comments during the opening ceremony of the Asian Financial Cooperation Association.

Capital / Liquidity

New BSP Chief Eyes Cut to One of World’s Highest RRRs

By Editors | 06/07/2017

Philippine banks currently have to keep 20% in reserve; liquidity requirements were eased earlier this year.

AML / KYC

Southeast Asia Roundup

By Editors | 29/06/2017

The Philippine government passed amendments to the country’s AML (anti-money laundering) law, bringing casinos under it’s rules for the first […]