Bangko Sentral ng Pilipinas

Resolution & Recovery

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.

Structural Regulation

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.

Anti-Money Laundering

BSP Imposes $21mn Fine Following AML Failures

By Editors | 08/08/2016

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

Liquidity Risk

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.

Structural Regulation

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.

Structural Regulation

Philippines Confirms New Bank Approval Rules

By Samuel Riding | 23/02/2016

Central bank confirms complete lifting of moratorium from 1 January, 2018.

Structural Regulation

Philippines Lifts 17-year Ban on New Bank Licenses

By Samuel Riding | 11/02/2016

Central bank to fully remove moratorium on new approvals by 2018.

Credit Risk

BSP Takes on Credit Card Regulation

By Samuel Riding | 03/02/2016

Central bank to have supervisory powers over credit card issuers, acquirers and transactions.

Capital Adequacy

BSP Suggests Domestic Banks Seek Foreign Capital

By Samuel Riding | 27/01/2016

Philippine central bank says greater competition and global capital, risk standards could hurt incumbents.