Philippines

Securities / Derivatives

ACMF Advances Efforts on Sustainable Finance, Regional Connectivity

By Editors | 20/03/2019

The ASEAN Capital Markets Forum has endorsed a roadmap for promoting sustainable investment and launched a framework for cross-border publication of research.

Crypto / Digital Assets

Philippines Fintech Push Makes it a Compelling Market to Watch

By Philip Keller | 19/03/2019

Industry veteran Philip Keller explores the approach taken by regulators in the Philippines to encourage fintech innovation and financial sector digitalisation.

Market Infrastructure

Philippines’ RCBC Sues Bangladesh Bank for Defamation

By Editors | 15/03/2019

In the latest twist in the Bangladesh Bank cyber heist saga, Philippine lender Rizal Commercial Banking Corp has filed a defamation suit against Bangladesh’s central bank.

Capital / Liquidity

Philippines Extends Compliance Deadline for LCR, NSFR

By Editors | 11/03/2019

The BSP has given subsidiary banks and quasi-banks an extra year to meet the 100% LCR and NSFR requirements.

Market Infrastructure

BSP Eyes Oversight Extension to Cover Banking Conglomerates

By Editors | 07/03/2019

The BSP gained sweeping new powers last month, but it did not gain the oversight authority over conglomerates that own or control Philippine banks.

Philippine President Selects Budget Secretary as New BSP Chief

By Editors | 05/03/2019

Benjamin Diokno will replace the late Nestor Espenilla as the new central bank chief. Observers had expected one of the three deputy governors to be named.

Big Picture

S&P Upgrades Philippine Banking System Following New BSP Charter

By Editors | 04/03/2019

The new charter bolsters the BSP’s powers to exercise its core mandate of promoting a sound financial system and address risks arising from the financial system’s interconnectedness.

Philippine President to Select New BSP Chief

By Editors | 26/02/2019

Seen as a champion for banking reform and financial inclusion, BSP governor Nestor Espenilla passed away on Saturday after just 18 months on the job.

Fintech / Regtech

BSP Streamlines Licensing Process e-Financial Services Firms

By Editors | 25/02/2019

The move is in line with BSP’s reform agenda to promote digital innovation and increase availability of safer and more efficient channels for financial services.