Philippines

    Capital / Liquidity

    Philippine Bank Profits Insufficient to Support Asset Growth – Moody’s

    By Editors | 09/04/2018

    Moody’s says loan growth outpaces capital growth at Philippine banks as strong macroeconomic conditions increase credit demand; banks require external capital raising to improve capital ratios.

    Market Infrastructure

    ASEAN ‘Close’ to Financial Services Free Trade Agreement

    By Samuel Riding | 09/04/2018

    Statement says deal on trade in services close to agreement, ASEAN members to also update wider agreement on cross-border services this year.

    Fintech / Regtech

    Philippines to Strengthen Supervision Through Regtech

    By Editors | 05/04/2018

    BSP to adopt regtech solutions including API for electronic data submissions by FIs, chatbot for complaints to the regulator.

    Market Infrastructure

    Malaysia Foils Cyber Attack Involving Falsified SWIFT Messages

    By Manesh Samtani | 01/04/2018

    Unauthorised transactions were prevented by central bank, no financial losses occurred; near breach prompts increased vigilance in the Philippines.

    Capital / Liquidity

    BSP Cuts Reserve Requirement for Philippine Banks

    By Editors | 17/02/2018

    The 100 basis point RRR reduction is expected to free up PHP90 billion of liquidity in the financial system.

    AML / KYC

    Europe’s Latest AML Directive a Huge Challenge for Asian Operations

    By Bradley Maclean | 14/02/2018

    4th AMLD to prove a headache for Asian institutions which already share clients and data with EU-based subsidiaries, potentially influencing Asia-based parent institutions themselves.

    Capital / Liquidity

    Philippines to Implement Minimum Liquidity Ratio for Small Banks

    By Garima Chitkara | 12/02/2018

    Smaller banks subject to LCR of 100 percent if they are subsidiaries of larger banks and minimum liquidity ratio of 20 percent if standalone.

    Philippines to Expand List of Allowable Loan Collateral

    By Garima Chitkara | 07/02/2018

    New law, currently in Congress, will expand financing to SME and agricultural sector by allowing movable collateral.

    Fintech / Regtech

    The Philippines to Introduce Cryptocurrency Regulation This Year

    By Garima Chitkara | 01/02/2018

    New rules, expected by year end, aimed at investor protection as Philippines investigates unlicensed ICO issuers.

    Capital / Liquidity

    Philippines Mulling Counter-cyclical Buffer for Banks

    By Garima Chitkara | 01/02/2018

    New prudential tool to help stem losses from excessive credit growth; framework to be issued for consultation in first half of the year.

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