BANGKO SENTRAL NG PILIPINAS

AML / KYC

Philippines Proposes New Money Service Rules

By Samuel Riding | 26/09/2016

Draft rules require ‘money service businesses’ to register with BSP; raises concern about hindering remittance flows

AML / KYC

BSP Ordered to Return $15mn to Bangladesh

By Samuel Riding | 20/09/2016

Bangladesh seeking to recover another USD2.7 million frozen by Philippines’ casino regulator.

AML / KYC

Philippines Considering Repeal of Bank Secrecy Laws

By Samuel Riding | 07/09/2016

Philippines and Lebanon the only countries which still have such laws in place.

Market Infrastructure

Philippines to Have Repo Market by End-2016, Early 2017

By Samuel Riding | 06/09/2016

Central bank governor says programme will open the door to allowing short selling.

Capital / Liquidity

BSP Increases Pace of Rural Bank Closures

By Samuel Riding | 23/08/2016

Central bank has closed 15 lenders so far this year; aiming to strengthen local banks as presence of foreign institutions expands.

Capital / Liquidity

Philippines Removes ‘NBQB’ Loan Registration Requirements

By Samuel Riding | 19/08/2016

Rule making it easier for non-banks with quasi-banking functions to borrow offshore takes effect on 15 September.

AML / KYC

BSP Imposes $21mn Fine Following AML Failures

By Editors | 08/08/2016

Largest-ever fine imposed after USD 81M Bangladesh Bank heist on RCBC.

Securities / Derivatives

Philippines: Adapting to LCR

By Wolters Kluwer Financial Services | 05/05/2016

One of the biggest pain points banks in the Philippines will soon face is the calculation of liquidity coverage, according to Wolters Kluwer.

Market Infrastructure

Graeme Wheeler to Head BIS’s Asian Council

By Samuel Riding | 01/04/2016

New Zealand Reserve Bank Governor replaces Amando Tetangco Jr of BSG.