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Capital / Liquidity
Large Enterprise Loans Can Count Towards Reserve Compliance: BSP
By Editors | 30/05/2020
The BSP said the revised measures are intended to provide credit and help ease the financial burden of firms heavily affected by the Covid-19 pandemic.
Capital / Liquidity
Philippines Approves ‘Bad Bank’ Bill Amid Rising NPLs
By Editors | 27/05/2020
The ‘Financial Institutions Strategic Transfer Act’ allows the creation of asset management companies to buy up non-performing assets from financial institutions.
AML / KYC
BSP Prepares Guidelines to Regulate Virtual Asset Service Providers
By Editors | 21/05/2020
The BSP may require higher capital requirements for VASPs based on their scope, scale of operations and complexity of operations.
Capital / Liquidity
BSP Approves Measures to Boost Lending to MSME Sector
By Editors | 06/05/2020
The measures include lower risk weights for MSME loans, deferred implementation of the revised risk-based capital framework, and an extension of the relief period for reporting past due and non-performing loans.
Capital / Liquidity
Philippines: BSP Allows Banks to Draw on Capital, Liquidity Buffers
By Editors | 05/05/2020
Banks that draw from the capital conservation buffer or fall below 100% LCR will not be considered in breach of Basel III rules.
AML / KYC
BSP Warns of Covid-19 related Money Laundering Risks
By Editors | 01/05/2020
Supervised financial institutions are encouraged to prudently leverage on technology to reinforce their controls against fraud and financial crime.
Capital / Liquidity
BSP Relaxes Loan Classification Norms, MSME Loan Risk Weight
By Editors | 30/04/2020
The relaxation of loan classification norms and the lowering of credit risk weights on MSME loans will apply until end-December 2021.
Capital / Liquidity
BSP Eases Asset Cover Rules for Banks’ FX Exposures
By Editors | 25/04/2020
Banks can offset foreign currency asset cover deficiency incurred on one or more days of the week with excess cover from other days of the same or immediately succeeding weeks.
Capital / Liquidity
UPDATED – MSME Loans Can Be Counted Towards Reserve Requirements: BSP
By Editors | 20/04/2020
Loans granted to MSMEs can be counted as part of banks’ compliance with reserve requirements. Detailed guidelines will be issued in due course.
BSP Announces New Measures to Support Domestic Liquidity
By Editors | 13/04/2020
The BSP will expand the eligible securities it can purchase in the secondary market to include all peso-denominated government securities, rather than just those that are highly traded and liquid.
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