All posts tagged "BSP"
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789Asia-PacificBSP Orders FIs to Coordinate Cyber Threat Response
BSP supervised financial institutions are asked to participate in the BAPCID, a platform for sharing cyber threat information and best practices.
June 18, 2019 -
368Asia-PacificJapan, Philippines Explore Yen-Peso Direct Trading
Japan and the Philippines will explore the establishment of direct yen-peso settlement for trade and investment between the two countries.
June 3, 2019 -
448Asia-Pacific
Philippines Revises Framework Governing Bank Auditors
The revised framework lays out criteria for banks to select external auditors as well as key guidelines for auditors in their assessment of banks.
May 29, 2019 -
465Asia-Pacific
BSP Cuts RRR for Thrift, Rural, Cooperative Banks
The move follows RRR cuts for large banks, as the BSP looks to mitigate lowering price expectations and inflation.
May 25, 2019 -
403Asia-Pacific
BSP to Cut Reserve Requirements for Biggest Banks
The 200 basis point RRR cut will take place over three phases by end-July, and free up an estimated $3.6bn in banking system liquidity.
May 17, 2019 -
581AML / KYCPhilippine FIU Seeks an End to Bank Secrecy Law
The AML Council is seeking additional powers to combat financial crime, including the lifting of the bank secrecy law, which would allow it to check all accounts regardless of transaction thresholds.
May 7, 2019 -
370Asia-Pacific
Philippines Allows Foreigners to Serve as Bank Directors, Officers
The Philippine central bank has amended rules that previously prohibited the election and appointment of foreign nationals as directors and officers of financial institutions in the country.
May 1, 2019 -
418Asia-Pacific
BSP Issues Draft Rules for Implementing National Payment Systems Act
The Philippine central bank has issued a draft circular to support its new mandate as the primary regulator for the country’s payment systems.
April 26, 2019 -
1.2KAsia-PacificASEAN Pushes for Cross-Border Settlement in Local Currencies
ASEAN central bankers are setting up direct settlement systems that use local currencies, in a bid to reduce transaction costs and exposures to global volatility.
April 8, 2019 -
2.1KAsia-Pacific
Philippines Fintech Push Makes it a Compelling Market to Watch
Industry veteran Philip Keller explores the approach taken by regulators in the Philippines to encourage fintech innovation and financial sector digitalisation.
March 19, 2019
