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Capital / Liquidity
Philippines to Implement Minimum Liquidity Ratio for Small Banks
By Garima Chitkara | 12/02/2018
Smaller banks subject to LCR of 100 percent if they are subsidiaries of larger banks and minimum liquidity ratio of 20 percent if standalone.
AML / KYC
Philippines Will Now Report Cross Border Banking Stats to BIS
By Editors | 17/01/2018
BSP has begun reporting international banking statistics from January 2018, having met BIS standards for completeness and quality.
Philippines Issues New Guidelines on Bank Stress Tests
By Editors | 26/12/2017
Central bank gives financial institutions two years to meet new risk management expectations.
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.
Fintech / Regtech
Philippines Looks to Blockchain to Spur Financial Inclusion
By Garima Chitkara | 23/11/2017
The Bankers Association of the Philippines has launched a digitisation initiative to facilitate customer identity management and verification through blockchain technology.
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.
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