Philippines

    Market Infrastructure

    The End of IBOR – The Asia Take

    By Matthieu Sachot | 19/06/2018

    Though uncertainty remains on when LIBOR migration is really going to be due, the earlier the banks set this in motion, the lower the execution risk and cost in the long run. This article highlights the local benchmarking effort in Asia and the key areas banks should have on their roadmap, starting now.

    Capital / Liquidity

    Philippines Banking Sector Gets Rating Lift from S&P

    By Karen Chiu | 15/06/2018

    S&P Global Ratings cites economic activity, fiscal policy, low credit risks, stringent regulation and favourable operating environment for well-capitalised banks.

    Capital / Liquidity

    The Philippines Adopts NSFR For Large Banks

    By Garima Chitkara | 07/06/2018

    Banks given six months starting 1 July to start reporting NSFR; banks unable to meet the ratio will need to submit funding plan to the central bank.

    Capital / Liquidity

    Philippines Further Reduces Reserve Requirements

    By JP Reimann | 28/05/2018

    The 100 basis point RRR reduction is expected to help facilitate healthy price discovery on the cost of funds in the financial system.

    Big Picture

    Talking Crypto Regulation with Ripple’s Sagar Sarbhai

    By Manesh Samtani | 22/05/2018

    Regulation Asia sat down with Sagar Sarbhai, Head of Government and Regulatory Relations for APAC and the Middle East at Ripple, to discuss the company’s business proposition and the regulatory challenges it faces across the region.

    Fintech / Regtech

    Philippine Central Bank Establishes Fintech Regulatory Unit

    By Garima Chitkara | 14/05/2018

    New unit established under financial supervision section as part of an organisational restructuring at the central bank.

    AML / KYC

    Hong Kong-based Regulatory Alliance Eyes Better Fintech Supervision

    By Garima Chitkara | 10/05/2018

    Asian regulators, former central bankers and government officials establish information exchange alliance to better regulate fintech, digital payments and cryptocurrency developments in the region.

    Capital / Liquidity

    Philippines to Implement New Credit Card Law

    By Garima Chitkara | 07/05/2018

    New law aims to increase competition by allowing non-bank entities to enter credit card business; includes greater safeguards for borrowers related to calculation of charges, unfair collection practices, and the use of customer data.

    Fintech / Regtech

    Philippines Launches Real Time E-Payments Platform InstaPay

    By JP Reimann | 24/04/2018

    Philippine central bank launch of InstaPay will enable real-time electronic fund transfers up to PHP50,000 per day through 20 participating institutions.

    AML / KYC

    Philippines Targets Retail Finance Digitalisation

    By Garima Chitkara | 19/04/2018

    BSP governor laid out the central bank’s regulatory priorities in fintech and regtech while revealing regulation around AML/KYC requirements and mitigating the risks surrounding data security.

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