All posts tagged "Philippines"

• Philippines

  Sanctions Compliance Deepens in Asia Pacific, Says SWIFT

  Evolving global sanctions laws aimed at combating financial crime is helping drive adoption of sanctions screening solutions in markets including Asia Pacific.

  November 25, 2014
• Philippines

  Philippines Lifts Bank Ownership Restrictions for Foreigners

  The Philippines has issued the implementing rules and regulations of the amended foreign banks law that now allows foreign banks to acquire up to 100% of a local lender.

  November 21, 2014
• Philippines

  Philippine Regulator Hikes Minimum Capital for Banks

  Philippines’ central bank has raised the minimum capital requirement for all banks in a bid to boost the country’s banking system.

  October 25, 2014
• Philippines

  Philippine Central Bank May Require Banks to Raise Minimum Capital

  Philippine banks may be required to increase their minimum capital by as much as four times, a move that may trigger a consolidation in the local banking sector.

  September 26, 2014
• Philippines

  Philippine Banks Adhere to Basel III Norms, Says Central Bank

  The buffer capital of Philippine banks remain well above the benchmark set by the Bangko Sentral ng Pilipinas as of end-March, after the new Basel III standards were implemented for the first time at the start of the year, the...

  August 12, 2014
• Philippines

  Philippine Senate Okays Bill Allowing Full Foreign Ownership of Banks

  The Philippine Senate has approved a bill seeking to expand the participation of foreign banks in the Philippine financial sector.

  June 16, 2014
• Philippines

  Philippine Central Bank Allows Banks to Set Service Hours

  The Monetary Board is allowing banks to extend operating hours and services even without securing regulatory approval.

  June 4, 2014
• Philippines

  Philippine Banks to Submit Stress Test Reports

  The Philippine central bank plans a stress test on banks and are asking lenders to submit reports on their assessment on the impact of interest rate changes on the real estate sector and on their balance sheets.

  May 21, 2014
• Philippines

  Philippine Central Bank Eyes Conduits in Banks’ Loans to SMEs

  Philippine regulators plan to establish conduits that can help banks comply with mandatory lending rules to small businesses.

  April 8, 2014
• Philippines

  Philippine Govt Agency Seeks to Lift Bank Secrecy Law for Tax Purposes

  The Bureau of Internal Revenue stressed the need to lift the bank secrecy law for tax purposes to bring the Philippines in line with countries establishing a single and consistent global standard in tracking tax fraud.

  April 3, 2014