16 August 2016
Manila
Reporter: Mark Dugdale
Philippines 'plans' repo reforms
The Philippines is working on legislative reforms to introduce a repo market, according to reports.

The Central Bank of the Philippines, along with the country’s Treasury and Securities and Exchange Commission, are still working on the reforms, which they hope will boost liquidity locally.

They are also finalising guidelines for an overnight index swap system, according to reports.

It’s unclear when the reforms will be implemented, but the Philippines already boasts an active securities borrowing and lending market, which has been in place since 2006.

The market is bilateral or can be conducted via an intermediary, although it is known to suffer from limited supply.

More repo news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
ICMA: NSFR makes EU repo less attractive
23 June 2017 | London | Reporter: Drew Nicol
The association also point to increased automation of highly manual and labour-intensive processes of the market as a way to mitigate rising costs and create efficiencies
UK Money Markets Code to rebuild trust
22 June 2017 | London | Reporter: Drew Nicol
Industry representatives drafted the code in partnership with the Bank of England (BoE) to replace the previous guidance, which has been judged to be outdated
Dealerweb claims significant US repo market share
20 June 2017 | New York | Reporter: Drew Nicol
The Dealerweb marketplace now captures 18 percent of US repo activity in inter-dealer trading
Howard/Miller adjusts fund’s lending programme
19 June 2017 | New York | Reporter: Drew Nicol
The fund will no longer include securities lending activities in leverage calculations from August
SIX adds US equity and fixed income to CO:RE
15 June 2017 | London | Reporter: Drew Nicol
SIX Securities Services has added US equities and fixed income treasuries to the list of available securities for its repo triparty platform
Global political turmoil driving bond trading
15 May 2017 | London | Reporter: Drew Nicol
Geo-political events in the US and Europe were the most significant drivers of fixed income trading in the 12 months ending March, according to NEX Group
SIX expands equity repo baskets list
08 May 2017 | Zürich | Reporter: Drew Nicol
Natixis has signed up to SIX Repo’s two new European equity index baskets