New hedging tools needed in the Philippines, says SEC

New derivative structures under consideration but caution is key

manila-philippines
Regulators in Manila are focusing on repo and OIS

Increasing appetite for longer-term debt combined with the possibility of a rise in interest rates is making the Philippines securities regulator nervous. They know that new hedging tools are needed, but derivatives misuse, blamed for crises in the past, has left an unsavoury taste in many mouths.

"You might say that our capital markets are at a fairly nascent stage of development and I suppose they are," says Ephyro Amatong, one of four commissioners in the Securities and Exchange Commission

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: