Halister News

(Bloomberg) -- “More generally, we’re studying if regulations can be further improved to mitigate risks,” Bangko Sentral ng Pilipinas Deputy Governor Nestor Espenilla says in mobile-phone message.

• Espenilla, who heads central bank’s supervision and examination sector, replies to query if central bank is reviewing FX rules as part of efforts to prevent money laundering
• NOTE: Bankers group proposed raising to $2m limit that banks could sell to residents without prior BSP approval from $120,000 to curb use of money changers, mindful of possible role black market may have played in transfer of stolen $81m, Inquirer reports citing people it didn’t identify http://goo.gl/SPfD1a
• NOTE: Philippines to Hold Banks ‘Accountable’ for Role in Cyber Heist Link
• NOTE: How $81 Million Slipped Through Philippine Cracks: Timeline Link

-- With assistance from Clarissa Batino