The initiatives seek to mitigate risks related to financial stability, insolvencies, scams, and virtual assets, while also promoting innovation and fintech.
February 1, 2023The BSP says the higher caps will cushion the impact of inflationary pressure and interest rate hikes on banks and credit card issuers.
January 27, 2023Regulators continue to express concerns that the use of Term SOFR and credit sensitive rates could draw away liquidity from the overnight SOFR derivatives markets.
December 20, 2022ANZ inadvertently failed to provide promised fee and interest rate discounts to customers due to inadequacies within its systems.
October 27, 2022Local securities firms are required to notify investors if they are fined for violating short selling-related rules, but this is not the case for foreign investors.
October 10, 2022The case involves a loan worth 30 bitcoins with an annual interest rate of 60 percent. Korean law caps interest rates on loans at 24 percent.
October 10, 2022The guide covers the use of IndONIA in business credit, consumer credit, trade finance, and derivative products, as well as rupiah FRNs.
October 4, 2022The measures tighten limits on the volume of intraday securities lending orders, and raised the margin requirements on securities lending.
October 3, 2022The re-lending facility will provide low-cost funding for loans issued to support equipment upgrades, digital transformation and renovations by businesses.
September 30, 2022Banks must stress test mortgage borrowers' debt servicing ability assuming a 200 bps rise in the mortgage rate, rather than 300 bps.
September 27, 2022