Home Tags Banks

Tag: banks

IMF backs BSP plan to cut bank reserve requirement

By Melissa Luz T. Lopez, Senior Reporter TIGHTER liquidity conditions would likely be an opportune time for the Bangko Sentral ng Pilipinas (BSP) to trim...

Banks told to craft cyber risk management strategies

BANKS must craft new strategies on information security to manage, detect, and respond to cyber-attacks which could bog down operations, as part of tighter...

BSP rediscount lending rises in Oct., drops in 10 months

PHILIPPINE BANKS increased their usage of the Bangko Sentral ng Pilipinas (BSP) peso rediscount facility in October to P370 million, against P133 million in...

IMF flags sources of domestic risk

By Melissa Luz T. Lopez Senior Reporter THE CENTRAL BANK should be ready to deploy its tools to temper rapid credit growth in the Philippines, the...

BSP seen biding time on reserve ratio cut

ANY ADJUSTMENTS to the reserve requirement ratio (RRR) imposed on big banks may be considered next year at the earliest, economists said, as liquidity...

Banks, other financial firms told to set up round-the-clock cybersecurity centers

BANKS and financial entities must set up round-the-clock centers that will actively monitor and prevent cyber-attacks, as part of the stricter guidelines issued by...

Financial technology to boost banks’ revenues

THE ADOPTION of financial technology could reap better revenues for Philippine banks, which would provide some lift to narrowing margins at a time of...

PCHC sees earlier cleared funds availability in banks

THE PHILIPPINE Clearing House Corp. (PCHC) expects earlier fund availability in a few months, with lenders implementing one-day check clearing as mandated by the...

Central bank tightens liquidity watch

THE CENTRAL BANK will impose tighter liquidity management rules on banks to include monitoring of foreign currency exposure and cash positions across intraday and...

Central bank eases credit limits to back development financing

THE BANGKO SENTRAL ng Pilipinas (BSP) has eased credit limits imposed on banks in lending to their subsidiaries and affiliates, effectively freeing up more...