IC requests BSP help for UCPB-Provident probe
THE Insurance Commission (IC) has asked the central bank to help investigate the United Coconut Planters Bank (UCPB) for alleged negligence in protecting the...
Beijing’s insurance regulator presses industry to show more ‘self-discipline’
BEIJING -- China’s insurance regulator has urged the industry to show greater “self-discipline” and “serve the real economy,” in a nod to the central...
Yields on gov’t securities drop as central banks move to tighten
YIELDS on government securities dropped amid noise from developed countries’ central banks, mixed United States (US) key economic data and a weakening peso, tracking...
BSP to release new coin designs this year
By Melissa Luz T. Lopez, Senior Reporter
THE CENTRAL BANK is looking to release new coin designs within the year, but will drop the 10-centavo...
Peso strengthens further on hawkish ECB
THE PESO climbed further against the dollar on Friday due to the European Central Bank’s (ECB) hawkish tone at the close of its policy...
UCPB to deactivate non-EMV cards by next month
THE United Coconut Planters Bank (UCPB) is set to deactivate cards that are not yet microchip-enabled by next month pursuant to central bank regulations...
BSP names new banking supervision deputy
THE Monetary Board has named career central banker Chuchi G. Fonacier as the new deputy governor for banking supervision at the Bangko Sentral ng...
Peso rebounds on profit taking ahead of ECB statement, SONA
THE PESO rebounded against the dollar on Thursday from a near 11-year low on the back of profit taking ahead of President Rodrigo R....
Big banks fail to meet agri-agra lending quota
BIG BANKS continued to beg off the required lending to farmers during the first quarter, latest central bank data showed, even as credit lines...
A crisis cycle
FINEX Folio
By J. Albert Gamboa
Members of the Financial Executives Institute of the Philippines (FINEX) had been excitedly anticipating the general membership meeting last July...
Weaker appetite for term deposit auction
TERM DEPOSITS on auction saw weak demand yesterday as both the week-long and month-long tenors received bids below offer, with the central bank taking...
BPI Family to miss deadline for full migration to EMV-compliant cards
THE thrift lender of Ayala-led Bank of the Philippine Islands (BPI) said its systems will be Europay, Mastercard and Visa (EMV) compliant by the...