Bangko Sentral ng Pilipinas

Resolution & Recovery

BSP Shuts 20th Lender in 2016

By Samuel Riding | 21/11/2016

‘Ailing’ rural bank had total deposit liabilities of USD573,845, insured deposits of USD493,305.

Anti-Money Laundering

Duterte Accuses BSP, AMLC of Recklessness

By Samuel Riding | 16/11/2016

Philippines president says regulators are not cooperating with government money laundering investigations.

Capital Adequacy

Basel III – Tailoring a One Size Fits All Approach

By Samuel Riding | 10/11/2016

Emerging Asia’s adherence to international rules may not be the answer for challenges such as boosting financial inclusion.

Capital Adequacy

The Big Picture – ‘Chiz’ Escudero, Chair of Philippines Senate Banking Committee

By Samuel Riding | 08/11/2016

Campaigning Senator talks Basel III, banking secrecy and more.

Payments & Settlements

Philippines Tightens Rules on Inactive Deposit Accounts

By Samuel Riding | 27/10/2016

Accounts having no transaction within a five-year period are considered dormant

Structural Regulation

Philippine Regulator Mulls Interest Rate Cap

By Samuel Riding | 24/10/2016

Informal lenders must define “reasonable” interest rates for consumers

Anti-Money Laundering

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

Anti-Money Laundering

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.

Anti-Money Laundering

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.