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Earnings of non-banks with quasi banking functions slipped six percent in the first six months of the year due to lower profits booked by investment houses, the Bangko Sentral ng Pilipinas (BSP) reported recently.

                    [DatePublished] => 2015-09-04 10:00:00
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                    [AuthorName] => Lawrence Agcaoili
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                    [Title] => ‘Abuse of power and impunity’
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Our condolences to the family of former Health Secretary Alberto “Quasi” Romualdez Jr. who passed away the other day.

                    [DatePublished] => 2013-10-24 00:00:00
                    [ColumnID] => 134209
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                    [AuthorName] => Domini M. Torrevillas
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                    [Title] => BSP sets new rules on takeover, liquidation of quasi-banks
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                    [Title] => Quasi-banks may now engage in derivatives activities
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Quasi-banks and their trust departments may now engage in derivatives activities without the need for prior approval by the Bangko Sentral ng Pilipinas (BSP), according to the latest amendments approved by the policy-making Monetary Board (MB).
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                    [Title] => Election lawyer seeks abolition of PET, asks SC to sit on poll protests
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Election lawyer Romulo Macalintal has sought the abolition of the Presidential Electoral Tribunal (PET) and asked the Supreme Court to exercise its constitutional mandate to sit on electoral protests against the President and the Vice President.

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                    [Title] => BSP imposes 10% minimum CAR on financial institutions
                    [Summary] => The Monetary Board has decided to impose a 10 percent minimum risk-based capital adequacy ratio (CAR) on investment houses and financing companies. Banking sources this  move will align the capital adequacy of quasi-banks with the rest of the banking sector. 


The guidelines were approved by the Bangko Sentral ng Pilipinas (BSP) last week, setting the 10 percent minimum CAR on financial institutions that were not previously covered by this safety mechanism. 


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                    [Title] => ‘Abuse of power and impunity’
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Our condolences to the family of former Health Secretary Alberto “Quasi” Romualdez Jr. who passed away the other day.

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                    [ColumnID] => 134209
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                    [Title] => Quasi-banks may now engage in derivatives activities
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Quasi-banks and their trust departments may now engage in derivatives activities without the need for prior approval by the Bangko Sentral ng Pilipinas (BSP), according to the latest amendments approved by the policy-making Monetary Board (MB).
                    [DatePublished] => 2009-09-29 00:00:00
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Election lawyer Romulo Macalintal has sought the abolition of the Presidential Electoral Tribunal (PET) and asked the Supreme Court to exercise its constitutional mandate to sit on electoral protests against the President and the Vice President.

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                    [Title] => BSP imposes 10% minimum CAR on financial institutions
                    [Summary] => The Monetary Board has decided to impose a 10 percent minimum risk-based capital adequacy ratio (CAR) on investment houses and financing companies. Banking sources this  move will align the capital adequacy of quasi-banks with the rest of the banking sector. 


The guidelines were approved by the Bangko Sentral ng Pilipinas (BSP) last week, setting the 10 percent minimum CAR on financial institutions that were not previously covered by this safety mechanism. 


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abtest

Profits of investment houses, financing firms slip 6% in H1

By Lawrence Agcaoili | September 4, 2015 - 10:00am

Earnings of non-banks with quasi banking functions slipped six percent in the first six months of the year due to lower profits...

Business

‘Abuse of power and impunity’

By FROM THE STANDS | By Domini M. Torrevillas | October 24, 2013 - 12:00am

Our condolences to the family of former Health Secretary Alberto “Quasi” Romualdez Jr. who passed away the other day.

Opinion

BSP sets new rules on takeover, liquidation of quasi-banks

By Lawrence Agcaoili | May 12, 2011 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) has laid down the guidelines on the take over and liquidation of problematic non-banks with quasi banking functions and trust entities.

Business

Quasi-banks may now engage in derivatives activities

By Iris Gonzales | September 29, 2009 - 12:00am

Quasi-banks and their trust departments may now engage in derivatives activities without the need for prior approval by the Bangko Sentral ng Pilipinas (BSP), according to the latest amendments approved by the policy-making...

Business

Election lawyer seeks abolition of PET, asks SC to sit on poll protests

By Edu Punay | August 19, 2008 - 12:00am

Election lawyer Romulo Macalintal has sought the abolition of the Presidential Electoral Tribunal (PET) and asked the Supreme Court to exercise its constitutional mandate to sit on electoral protests against the...

Headlines

BSP imposes 10% minimum CAR on financial institutions

By Des Ferriols | August 4, 2003 - 12:00am

The Monetary Board has decided to impose a 10 percent minimum risk-based capital adequacy ratio (CAR) on investment houses and financing companies. Banking sources this move will align the capital adequacy of quasi-banks...

Business