BANGKO SENTRAL NG PILIPINAS

Philippines Scraps Approval Rules on Private Sector FX Loans

By Editors | 26/12/2017

Loans not guaranteed by public sector entity now only need to be registered; Documentary requirements relaxed.

Thailand, Philippines Forge Agreement on Banking Supervision

By Editors | 19/12/2017

Central banks commit to fostering information exchange and cooperation in areas of licensing, on-site examinations, supervisory colleges, crisis management.

Philippines Forges Ahead with Bitcoin Legitimisation

By Manesh Samtani | 18/12/2017

Central bank to regulate virtual currencies for remittance, payments; not yet ready to endorse bitcoin as a currency.

AML / KYC

Philippines to Ease Forex Rules, Ending Registration System

By Editors | 30/10/2017

Central bank governor says rules will be relaxed so inbound investment, private sector foreign currency borrowing require reporting, not registration.

Capital / Liquidity

Philippines Eyes Single-digit RRR

By Editors | 25/10/2017

Current 20% RRR is one of the highest in the world; capital market development to focus on fixed income and repo markets.

Fintech / Regtech

Philippines Set to Introduce Tighter Cybersecurity Requirements for Banks

By Editors | 04/10/2017

Measures will include enhanced risk management and governance requirements as well as increased use of cloud technology.

Capital / Liquidity

Philippine Central Bank Seeks to Capture Property Loan, Project Financing Risks

By Editors | 25/09/2017

Lenders face tighter loan, financing reporting requirements as central bank says it will target ‘areas which require supervisory action’.

Capital / Liquidity

Philippine Central Bank Strengthens Compliance Standards

By Editors | 28/08/2017

Chief compliance officer must be full-time, boards given overarching responsibility; foreign banks must translate all documents into English.