BANGKO SENTRAL NG PILIPINAS

Capital / Liquidity

BSP Considering License Applications of 6 Foreign Banks

By Samuel Riding | 02/03/2017

14 foreign institutions have set up operations in the country since liberalisation in 2014.

Capital / Liquidity

Philippines Eases Bank Liquidity Requirements

By Samuel Riding | 20/02/2017

Central bank says upcoming LCR will provide ‘better gauge of liquidity standing’.

OTC Margining – Delaying the Inevitable, Inevitably

By Samuel Riding | 16/02/2017

Regulators, and those they regulate, simply weren’t ready to implement variation margin requirements.

Capital / Liquidity

Philippine Central Bank Warns on VM Liquidity Risk

By Samuel Riding | 15/02/2017

BSP urges banks to assess readiness to comply, evaluate impact on operational risk.

AML / KYC

BSP Sets Virtual Currency Exchange Rules

By Samuel Riding | 09/02/2017

New guidelines aim to regulate digital currencies used in financial services delivery to curb AML, CTF.

Capital / Liquidity

Philippines Central Bank Governor Declines Reappointment

By Samuel Riding | 08/02/2017

Amando Tetangco has served for 12 years; 3 monetary board members to also step down.

AML / KYC

Philippine AMLC Chief Quits

By Samuel Riding | 01/02/2017

Resignation follows last year’s harsh criticism from president Duterte.

AML / KYC

Philippines Tightens Money Service Rules

By Samuel Riding | 23/01/2017

New rules limit cash transactions, require compliance with Anti-Money Laundering Act provisions.

AML / KYC

Philippine Authorises ‘Cash Agents’ in Financial Inclusion Drive

By Samuel Riding | 20/01/2017

Banks will be allowed to use off-site agents, including at convenience stores, to provide withdrawals, conduct KYC.