All posts tagged "BSP"
-
219Asia-PacificBSP 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 -
467AML / 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 -
323Asia-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 -
331Asia-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 -
1.1KAsia-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 -
1.8KAsia-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 -
512Asia-PacificPhilippines Extends Compliance Deadline for LCR, NSFR
The BSP has given subsidiary banks and quasi-banks an extra year to meet the 100% LCR and NSFR requirements.
March 12, 2019 -
466Asia-Pacific
BSP Eyes Oversight Extension to Cover Banking Conglomerates
The BSP gained sweeping new powers last month, but it did not gain the oversight authority over conglomerates that own or control Philippine banks.
March 7, 2019 -
451Asia-Pacific
Philippine President Selects Budget Secretary as New BSP Chief
Benjamin Diokno will replace the late Nestor Espenilla as the new central bank chief. Observers had expected one of the three deputy governors to be named.
March 5, 2019 -
541Asia-PacificPhilippine President to Select New BSP Chief
Seen as a champion for banking reform and financial inclusion, BSP governor Nestor Espenilla passed away on Saturday after just 18 months on the job.
February 26, 2019
