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                    [ArticleID] => 403843
                    [Title] => RP banks' exposure to soured assets amounts to P60 B
                    [Summary] => The total exposure of banks in assets that were hit by the US crisis amounts to roughly P60 billion, but monetary authorities ...
                    [DatePublished] => 2008-10-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
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                    [ArticleID] => 326135
                    [Title] => IFC, ADB keen on proposed credit information bureau
                    [Summary] => The International Finance Corp. (IFC) and the Asian Development Bank (ADB) are both keenly interested in the proposed credit information bureau.


The Bangko Sentral ng Pilipinas (BSP) disclosed yesterday that the proposed Senate bill has passed through the second reading at the Senate committee on banking and a similar bill was pending at the committee level at the lower House.


BSP Deputy Governor Ernesto Espenilla told reporters that the ADB and IFC have both expressed interest in putting not just technical assistance but equity investment in the proposed credit bureau.

                    [DatePublished] => 2006-03-14 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] =>  Des  Ferriols
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                    [ArticleID] => 326136
                    [Title] => BSP okays $200-M mutual fund for investment in RP
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) has approved a proposed $200-million mutual fund that would mobilize funds from Filipino residents abroad for investment in Philippine equities and debt papers. 


The proposed mutual fund was being pushed by ING Bank which sought clearance from the Monetary Board (MB) for the use of the overseas banking units (OBUs) of Philippine banks as conduit for the mutual fund shares. 


                    [DatePublished] => 2006-03-14 00:00:00
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                (
                    [ArticleID] => 279103
                    [Title] => Banks unload over P100-B worth of bad assets
                    [Summary] => Banks have unloaded over P100-billion worth of bad assets and bad loans under the Special Purpose Vehicles Act (SPVA) as financial institutions rushed to beat the April deadline for application for incentives. 


The Bangko Sentral ng Pilipinas (BSP) reported that many banks tried to beat the April expiration of the incentives under the SPVA, a strong indication that the government would meet its target coverage of at least P100 billion. 


                    [DatePublished] => 2005-05-26 00:00:00
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                    [ArticleID] => 278979
                    [Title] => Government mulls international standards for investment funds
                    [Summary] => Financial regulators are considering the possibility of aligning their regulations with international best practice for such products as trust funds, mutual funds and variable insurance products. 


If approved, regulators would be implementing harmonized rules on eligible investments, exposure limits, valuation and disclosure, sales practices, fees and commissions, custodianship, reporting and incentives.


                    [DatePublished] => 2005-05-25 00:00:00
                    [ColumnID] => 133272
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DEPUTY GOVERNOR ERNESTO ESPENILLA

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                    [ArticleID] => 403843
                    [Title] => RP banks' exposure to soured assets amounts to P60 B
                    [Summary] => The total exposure of banks in assets that were hit by the US crisis amounts to roughly P60 billion, but monetary authorities ...
                    [DatePublished] => 2008-10-01 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] =>  Des  Ferriols
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                    [ArticleID] => 326135
                    [Title] => IFC, ADB keen on proposed credit information bureau
                    [Summary] => The International Finance Corp. (IFC) and the Asian Development Bank (ADB) are both keenly interested in the proposed credit information bureau.


The Bangko Sentral ng Pilipinas (BSP) disclosed yesterday that the proposed Senate bill has passed through the second reading at the Senate committee on banking and a similar bill was pending at the committee level at the lower House.


BSP Deputy Governor Ernesto Espenilla told reporters that the ADB and IFC have both expressed interest in putting not just technical assistance but equity investment in the proposed credit bureau.

                    [DatePublished] => 2006-03-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
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                )

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                (
                    [ArticleID] => 326136
                    [Title] => BSP okays $200-M mutual fund for investment in RP
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) has approved a proposed $200-million mutual fund that would mobilize funds from Filipino residents abroad for investment in Philippine equities and debt papers. 


The proposed mutual fund was being pushed by ING Bank which sought clearance from the Monetary Board (MB) for the use of the overseas banking units (OBUs) of Philippine banks as conduit for the mutual fund shares. 


                    [DatePublished] => 2006-03-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] =>  Des  Ferriols
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                    [ArticleID] => 279103
                    [Title] => Banks unload over P100-B worth of bad assets
                    [Summary] => Banks have unloaded over P100-billion worth of bad assets and bad loans under the Special Purpose Vehicles Act (SPVA) as financial institutions rushed to beat the April deadline for application for incentives. 


The Bangko Sentral ng Pilipinas (BSP) reported that many banks tried to beat the April expiration of the incentives under the SPVA, a strong indication that the government would meet its target coverage of at least P100 billion. 


                    [DatePublished] => 2005-05-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] =>  Des  Ferriols
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                    [URL] => 
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                    [ArticleID] => 278979
                    [Title] => Government mulls international standards for investment funds
                    [Summary] => Financial regulators are considering the possibility of aligning their regulations with international best practice for such products as trust funds, mutual funds and variable insurance products. 


If approved, regulators would be implementing harmonized rules on eligible investments, exposure limits, valuation and disclosure, sales practices, fees and commissions, custodianship, reporting and incentives.


                    [DatePublished] => 2005-05-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
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                    [URL] => 
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abtest

RP banks' exposure to soured assets amounts to P60 B

By Des Ferriols | October 1, 2008 - 12:00am

The total exposure of banks in assets that were hit by the US crisis amounts to roughly P60 billion, but monetary authorities ...

Business

IFC, ADB keen on proposed credit information bureau

By Des Ferriols | March 14, 2006 - 12:00am

The International Finance Corp. (IFC) and the Asian Development Bank (ADB) are both keenly interested in the proposed credit information bureau. The Bangko Sentral ng Pilipinas (BSP) disclosed yesterday that the...

Business

BSP okays $200-M mutual fund for investment in RP

By Des Ferriols | March 14, 2006 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) has approved a proposed $200-million mutual fund that would mobilize funds from Filipino residents abroad for investment in Philippine equities and debt papers. The proposed...

Business

Banks unload over P100-B worth of bad assets

By Des Ferriols | May 26, 2005 - 12:00am

Banks have unloaded over P100-billion worth of bad assets and bad loans under the Special Purpose Vehicles Act (SPVA) as financial institutions rushed to beat the April deadline for application for incentives. The...

Business

Government mulls international standards for investment funds

By Des Ferriols | May 25, 2005 - 12:00am

Financial regulators are considering the possibility of aligning their regulations with international best practice for such products as trust funds, mutual funds and variable insurance products. If approved, regulators...

Business