All posts tagged "Philippines"

Philippines Removed from AML/CTF Blacklist

Asia / Pacific Group also removes Pakistan, Taiwan and Vietnam from list of closely monitored countries after improvements in AML/CTF regimes.

Southeast Asia Roundup

Philippines: Adapting to LCR

One of the biggest pain points banks in the Philippines will soon face is the calculation of liquidity coverage, according to Wolters Kluwer.

Philippine Regulator Seeks to Bypass Bank Secrecy Law

The Securities and Exchange Commission of the Philippines is seeking leeway from Congress to scrutinise bank records so as to respond promptly when there are cases of securities violation.

Regulator Asks Philippine Stock Exchange to Explain Outages

The Securities and Exchange Commission has asked the Philippine Stock Exchange to explain trading outages that halted all floor trading three times over a span of seven days in August.

Regulatory Framework positive for Philippine Microfinance Sector

The Asian Development Bank Institute has published a working paper attributing the growth of the Philippine microfinance sector to conducive government policies which promote private sector innovation and enable a market-based financial ecosystem.

Philippines and United States Sign FATCA Agreement

The Philippines has signed a reciprocal intergovernmental agreement with the United States to implement provisions of the Foreign Account Tax Compliance Act (FATCA).

Philippine Banks’ Capital Buffer Slid Slightly Amid Tougher Regulation

Major banks’ capital buffer recorded slight decline although remaining at comfortable levels at the end of last year as banks raised record amounts of cash to meet tougher regulatory requirements.

Philippine Central Bank Boosts Shadow Banking Monitoring

Philippine central bank is increasing surveillance on shadow banking to ensure the stability of the financial system.