BANGKO SENTRAL NG PILIPINAS

AML / KYC

Philippine Regulator Mulls Interest Rate Cap

By Samuel Riding | 24/10/2016

Informal lenders must define “reasonable” interest rates for consumers

AML / KYC

Philippines Proposes New Money Service Rules

By Samuel Riding | 26/09/2016

Draft rules require ‘money service businesses’ to register with BSP; raises concern about hindering remittance flows

AML / KYC

BSP Ordered to Return $15mn to Bangladesh

By Samuel Riding | 20/09/2016

Bangladesh seeking to recover another USD2.7 million frozen by Philippines’ casino regulator.

AML / KYC

Philippines Considering Repeal of Bank Secrecy Laws

By Samuel Riding | 07/09/2016

Philippines and Lebanon the only countries which still have such laws in place.

Market Infrastructure

Philippines to Have Repo Market by End-2016, Early 2017

By Samuel Riding | 06/09/2016

Central bank governor says programme will open the door to allowing short selling.

Capital / Liquidity

BSP Increases Pace of Rural Bank Closures

By Samuel Riding | 23/08/2016

Central bank has closed 15 lenders so far this year; aiming to strengthen local banks as presence of foreign institutions expands.

Capital / Liquidity

Philippines Removes ‘NBQB’ Loan Registration Requirements

By Samuel Riding | 19/08/2016

Rule making it easier for non-banks with quasi-banking functions to borrow offshore takes effect on 15 September.

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.