Philippines

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.

Trading & Investment

BoJ Urges Asian Local Currency Debt Market Development

By Garima Chitkara | 30/11/2017

Haruhiko Kuroda says firms in Asia need to diversify their sources of funding to protect against market shocks as ASEAN initiatives increase.