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AML / KYC
BSP Imposes $21mn Fine Following AML Failures
By Editors | 08/08/2016
Largest-ever fine imposed after USD 81M Bangladesh Bank heist on RCBC.
Securities / Derivatives
Philippines: Adapting to LCR
By Wolters Kluwer Financial Services | 05/05/2016
One of the biggest pain points banks in the Philippines will soon face is the calculation of liquidity coverage, according to Wolters Kluwer.
Market Infrastructure
Graeme Wheeler to Head BIS’s Asian Council
By Samuel Riding | 01/04/2016
New Zealand Reserve Bank Governor replaces Amando Tetangco Jr of BSG.
Market Infrastructure
Philippines Confirms New Bank Approval Rules
By Samuel Riding | 23/02/2016
Central bank confirms complete lifting of moratorium from 1 January, 2018.
Market Infrastructure
Philippines Lifts 17-year Ban on New Bank Licenses
By Samuel Riding | 11/02/2016
Central bank to fully remove moratorium on new approvals by 2018.
BSP Takes on Credit Card Regulation
By Samuel Riding | 03/02/2016
Central bank to have supervisory powers over credit card issuers, acquirers and transactions.
Market Infrastructure
BSP Suggests Domestic Banks Seek Foreign Capital
By Samuel Riding | 27/01/2016
Philippine central bank says greater competition and global capital, risk standards could hurt incumbents.
BSP Tightens Regulations on Family-owned Banks
By Samuel Riding | 03/12/2015
Philippines central bank says conglomerate and family-owned banks must maintain ‘arm’s length’ principle.
Securities / Derivatives
Regulatory Framework positive for Philippine Microfinance Sector
By Editors | 21/08/2015
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.
Securities / Derivatives
Philippine Central Bank Imposes Higher Capital Requirement on Banks
By Editors | 08/06/2015
Bangko Sentral ng Pilipinas has issued a new regulation requiring banks to maintain a minimum of 5 percent leverage ratio.
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