Philippines

Structural Regulation

New Zealand Implements Asia Region Funds Passport

By Editors | 28/07/2019

New Zealand joins Australia, Japan and Thailand in having implemented the legal and regulatory requirements to enable the Asia Region Funds Passport.

Cryptocurrency

Philippine SEC Consults on Draft Rules for Digital Asset Exchanges

By Manesh Samtani | 19/07/2019

The rules specify capital requirements of PHP 100mn, plus 12 months of operating expenses, and allow digital asset exchanges in the Philippines to be set up by foreign-registered entities.

Cloud & Infrastructure

Competitive Dynamics in Banking Intensify Across APAC: S&P Global

By Manesh Samtani | 18/07/2019

Indigenous virtual banks, global digital-only banks, and digitised traditional banks are all vying for market share, says a new report from S&P Global Ratings.

Alternative Markets

Philippines SEC Approves Crowdfunding Rules

By Editors | 10/07/2019

The Philippines SEC has issued rules governing the operation and use of equity- and lending-based crowdfunding to help smaller firms access financing.

Trading & Investment

Philippine SEC Drafts Framework for Cross-border Publication of Research

By Editors | 08/07/2019

Under the draft framework, capital market professionals authorised by the SEC can issue research reports in ASEAN countries that are MoU signatories: Malaysia, Singapore and Thailand.

Anti-Money Laundering

Non Bank Payment Providers Raise Compliance Costs: LexisNexis

By Editors | 20/06/2019

High labour costs in the AML function are partly driven by the growth of non-bank payment providers, which increase complexity and reduce transparency in the transaction chain.

Cybersecurity

BSP Orders FIs to Coordinate Cyber Threat Response

By Editors | 17/06/2019

BSP supervised financial institutions are asked to participate in the BAPCID, a platform for sharing cyber threat information and best practices.

Data Privacy

Philippines: Online Lenders to Adopt Code of Conduct

By Editors | 08/06/2019

The pledge comes after 48 online lenders were cited for using customers’ personal data to publicly shame people who did not settle their debts on time.

Trading & Investment

Philippine Bourse Rolls Out Online IPO Subscription Platform

By Editors | 05/06/2019

The new platform allows local small investors to subscribe to IPOs online. Previously, they had to file IPO subscription forms at designated mall kiosks.