ADVERTISEMENT
Securities / Derivatives
Philippines Eases Bond Issuance Rules for Banks
By Manesh Samtani | 15/08/2018
BSP circular says banks do not need prior approval of central bank to issue bonds and commercial papers and sets out eligibility criteria for issuers.
AML / KYC
Philippines, Indonesia to Cooperate on AML/CFT
By Editors | 06/08/2018
The governors of BSP and BI signed an MoU to cooperate on AML and CFT for payment and settlement systems, focusing on policy dialogue, information exchange and capacity building.
Capital / Liquidity
Philippine NSFR Rules May Raise Funding Costs For Banks – Fitch
By Garima Chitkara | 12/07/2018
In a report by Fitch unit BMI Research, large banks in the Philippines may need to increase deposit taking and reduce long-term loans as a result of increased funding costs brought on by the new NSFR framework.
Fintech / Regtech
BSP Approves Two More Virtual Currency Exchanges
By Garima Chitkara | 12/07/2018
Virtual Currency Philippines and Etranss accredited by the BSP bringing the total number of virtual currency exchanges in the Philippines to five.
Capital / Liquidity
Philippines Banking Sector Gets Rating Lift from S&P
By Karen Chiu | 15/06/2018
S&P Global Ratings cites economic activity, fiscal policy, low credit risks, stringent regulation and favourable operating environment for well-capitalised banks.
Capital / Liquidity
The Philippines Adopts NSFR For Large Banks
By Garima Chitkara | 07/06/2018
Banks given six months starting 1 July to start reporting NSFR; banks unable to meet the ratio will need to submit funding plan to the central bank.
Capital / Liquidity
Philippines Further Reduces Reserve Requirements
By JP Reimann | 28/05/2018
The 100 basis point RRR reduction is expected to help facilitate healthy price discovery on the cost of funds in the financial system.
Fintech / Regtech
Philippine Central Bank Establishes Fintech Regulatory Unit
By Garima Chitkara | 14/05/2018
New unit established under financial supervision section as part of an organisational restructuring at the central bank.
Capital / Liquidity
Philippines to Implement New Credit Card Law
By Garima Chitkara | 07/05/2018
New law aims to increase competition by allowing non-bank entities to enter credit card business; includes greater safeguards for borrowers related to calculation of charges, unfair collection practices, and the use of customer data.
Fintech / Regtech
Philippines Launches Real Time E-Payments Platform InstaPay
By JP Reimann | 24/04/2018
Philippine central bank launch of InstaPay will enable real-time electronic fund transfers up to PHP50,000 per day through 20 participating institutions.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team