New derivative structures under consideration but caution is key
Securities regulator – not central bank – will be overseer for long-planned new swap market
Insurers will be allowed to short-sell next year
BSP brings in one of the highest basic leverage ratios globally, but local firms are unconcerned
Philippines introducing capital adequacy framework in one move
PSE chief Hans Sicat views cross-border partnerships as vital for development of Asean exchanges, although domestic regulation creates some obstacles
Attempts by the Philippine central bank to curb increases in the value of the local currency won't work, according to market observers
From Manila to Basel
The decision to bring full Basel III compliance in five years ahead of the final deadline is based on politics rather than economics, according to one risk manager
US-based trading firm bullish on the potential for energy trading in the Philippines
Energising the future
Energising the future
Softly does it
Corporates were hit hard by derivatives losses linked to investments and low-cost hedges during the financial crisis. But most companies have benefited by using derivatives to manage financial risks. Joti Mangat and Georgina Lee talk to one such company,...
The widescale demand for catastrophe bonds in Asia has been heralded for many years now. But outside Japan and to a lesser extent Taiwan, overall penetration of catastrophe insurance in Asia remains low. Is this all about to change?
Power prices in the Philippines are some of the most expensive in Asia. It is hoped government plans to open the electricity distribution market will improve competition and reduce tariffs, writes David Hayes
Philippines discussed Basel II implementation
The Philippine central bank, Bangko Sentral ng Philipinas (BSP), has issued guidelines for the adoption of financial reporting standards set by the International Accounting Standards (IAS) Board, including IAS 39 which deals with derivatives.
PHILIPPINES - The Philippines' Securities and Exchange Commission (SEC) last week announced draft guidelines on the preparation of foreign currency-denominated financial statements for corporations in the country.