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Supervision & Enforcement
BSP to Adopt New Supervisory Assessment Framework From July
By Editors | 11/03/2020
The new SAFr – said to be more forward-looking compared to CAMELS – uses a four-point rating scale, focusing on FIs business models and compliance systems’ ability to mitigate risk.
Credit Risk
Philippine Banks to Get Covid-19 Regulatory Relief
By Editors | 01/03/2020
The relief measures may include grace periods for rediscounting loans, staggered booking of credit losses, non-imposition of penalties for reserve deficiencies, and non-recognition of loan defaults.
Capital Adequacy
BSP Approves ‘Enhanced’ Capital Requirements for Smaller Banks
By Editors | 27/02/2020
The higher capital standards for stand-alone thrifts, rural and cooperative banks include a 6% minimum CET1 ratio, a 7.5% Tier 1 ratio, and a 2.5% capital conservation buffer.
Credit Risk
BSP Extends Prudential Loan Cap Transition Period for Foreign Banks
By Editors | 14/02/2020
The extended transitory period is aimed at ensure continued financing support for public sector initiatives under the ‘Build, Build, Build’ programme by foreign bank branches.
Market Abuse
BSP Bars Bank Affiliates from Holding Bank-Issued Debt
By Editors | 12/02/2020
The prohibition is aimed at preventing related parties from obtaining undue advantage when transacting in debt instruments issued by affiliated banks.
Payments & Settlements
Philippines, Indonesia Sign MOU on Payments, Digital Innovation
By Editors | 04/02/2020
The MOU aims to provide a framework for closer cooperation between the Philippine and Indonesian central banks to achieve enhance their payment systems and promote digital financial innovation.
Operational Risk
BSP Proposes New Reporting Requirements for Conglomerate-run Banks
By Editors | 03/02/2020
Under draft rules, universal and commercial banks that are part of conglomerates will have to report information on all entities and assets in the conglomerate structure.
Structural Regulation
Singapore Fintech Awarded Philippine Licence to Operate Digital Bank
By Editors | 14/01/2020
TONIK Digital Bank will be the first “pure-play” digital bank in Southeast Asia, focusing on retail deposits and consumer loans.
Structural Regulation
Philippine Lawmaker Proposes Regulatory Framework for Virtual Banks
By Editors | 08/01/2020
The bill proposes that the BSP grant five virtual bank licences every year for at least five years, and to allow both financial and non-financial firms to apply.
Conduct, Culture & Accountability
BSP Revises Disqualification Rules for Bank Directors, Officers
By Editors | 07/01/2020
Bankers can be disqualified and placed on a watchlist for causing undue injury, material loss or damage to a bank, or for exposing it to higher risk or danger.
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