Philippines

    Liquidity Risk

    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.

    Credit Risk

    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.

    Cryptocurrency

    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 Adequacy

    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.

    Structural Regulation

    Philippines Will Now Report Cross Border Banking Stats to BIS

    By Editors | 17/01/2018

    BSP has begun reporting international banking statistics from January 2018, having met BIS standards for completeness and quality.

    Trading & Investment

    Higher Stock Transaction Tax to Impact Trading Volume: PSE

    By Garima Chitkara | 05/01/2018

    Stock transaction tax increased 20% from 1 January 2018; change in timeline took exchange by surprise.

    Capital Adequacy

    Philippines Issues New Guidelines on Bank Stress Tests

    By Editors | 26/12/2017

    Central bank gives financial institutions two years to meet new risk management expectations.

    Operational Risk

    Philippines Scraps Approval Rules on Private Sector FX Loans

    By Editors | 26/12/2017

    Loans not guaranteed by public sector entity now only need to be registered; Documentary requirements relaxed.

    Supervision & Enforcement

    Thailand, Philippines Forge Agreement on Banking Supervision

    By Editors | 19/12/2017

    Central banks commit to fostering information exchange and cooperation in areas of licensing, on-site examinations, supervisory colleges, crisis management.

    Cryptocurrency

    Philippines Forges Ahead with Bitcoin Legitimisation

    By Manesh Samtani | 18/12/2017

    Central bank to regulate virtual currencies for remittance, payments; not yet ready to endorse bitcoin as a currency.

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