HALISTER1: Philippine Central Bank Seeks Easing of Bank Secrecy: Inquirer

Philippine Central Bank Seeks Easing of Bank Secrecy: Inquirer

(Bloomberg) -- Tightening anti-money laundering rules while easing law on bank secrecy among priority legislation to be pushed by Bangko Sentral ng Pilipinas during 17th Congress, Philippine Daily Inquirer reports, citing BSP Governor Amando Tetangco.
  • Central bank will continue to push for amendments to BSP Charter; among important proposed changes are increased capitalization, authority to issue own negotiable certificates of indebtedness, restoration of its tax exemption
  • To see report: http://goo.gl/rtfdOH
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
BSNZ PM (Bangko Sentral ng Pilipinas)

People
Amando Tetangco (Bangko Sentral ng Pilipinas)

Topics
Proposed Rules

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