Philippines

Trading & Investment

Philippine Bourse to Introduce Short Selling

By Manesh Samtani | 26/06/2018

Only members of PSE index and ETFs are eligible for short selling, up to a maximum of 10% of outstanding shares; naked short selling not permitted.

Structural Regulation

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.

Credit Risk

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.

Liquidity Risk

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.

Liquidity Risk

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.

Cryptocurrency

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.

Structural Regulation

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.

Anti-Money Laundering

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.

Operational Risk

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.