ADVERTISEMENT
Fintech / Regtech
Suptech Gains Momentum but Approaches Vary: FSI Paper
By Editors | 23/10/2019
Suptech use cases have mainly clustered around misconduct analysis, reporting and data management, according a new paper from the BIS Financial Stability Institute.
Capital / Liquidity
BSP Reduces Reserve Requirement for Bank Bonds
By Editors | 18/10/2019
The move to lower is aimed at deepening the debt market and reducing the intermediation cost that bond issuers could pass on to bond holders.
Capital / Liquidity
Philippines: BSP Approves Amended D-SIBs Framework
By Editors | 16/10/2019
A bank’s size and interconnectedness will be given greater importance in the assessment to determine its systemic importance in the Philippines.
AML / KYC
Philippines Makes Push to End Bank Secrecy
By Editors | 15/10/2019
BSP governor Benjamin Diokno has said the central bank wants to help convince lawmakers of the importance of lifting bank secrecy as part of a bill to grant amnesty to errant taxpayers.
Capital / Liquidity
Philippines Amends Framework for Identifying D-SIBs
By Editors | 04/10/2019
The BSP will give more importance to a bank’s size and interconnectedness when deciding which lenders should be classified as D-SIBs.
Fintech / Regtech
BSP Streamlines Rules for Payment System Operators
By Editors | 03/10/2019
The Philippine central bank has simplified the registration process for payment system operators, and created a new consolidated manual of regulations to facilitate compliance.
Capital / Liquidity
BSP Lowers Bank Reserve Requirement Ratio
By Editors | 01/10/2019
The 100bp cut in bank reserve requirements is expected to free up about $2.1bn in the financial system “in support of credit activity”.
Capital / Liquidity
BSP Enhances Rules on Voluntary Surrender of Banking Licences
By Editors | 24/09/2019
The guidelines are aimed at improving protections for depositors and creditors of banks that have decided to cease operations.
Enforcement
Philippines Moves to End Abusive Practices by Fintech Lenders
By Editors | 18/09/2019
A code of ethics and code of conduct have been adopted by members of FinTechAlliance.ph prohibiting the harassment and shaming of delinquent borrowers.
BSP Revises Rules to ‘Institutionalise’ Consumer Protection at Banks
By Editors | 11/09/2019
The BSP has revised its financial consumer protection framework to ensure banks conduct their business ethically and refrain from practices that may cause harm to consumers.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team