Top banking regulator urges climate rules for lenders

The top international banking supervisory authority on Tuesday said lenders should account for climate risks when managing their business, suggesting a list of 18 “principles” to guide banks and national supervisors. Banks should “consider the potential impacts of climate-related risk drivers on their individual business models and assess the financial materiality of these risks,” the […]

Together we can fight fraud – Metrobank

Ty family-led Metropolitan Bank & Trust Co. has stepped up its fraud awareness campaign to educate the banking public and to help prevent them from falling victim to fraudulent texts, calls and emails from scammers pretending to be official representatives of their banks. The COVID-19 pandemic has seen an uptick in digital payments, opening up […]

Bankers back ‘bakuna bubble’

Banks are supporting a proposal to set up “vaccine bubbles” in major areas of the country to allow fully vaccinated persons to return to their jobs and help kickstart the economy. Bankers Association of the Philippines president Jose Arnulfo A. Veloso said greater mobility for the fully vaccinated would “encourage spending on various goods and […]

Top banks warn of losses after US fund dumps stocks

Top global banks Nomura of Japan and Switzerland’s Credit Suisse warned Monday they could face significant losses following reports of their exposure to a US fund that sold billions in stocks last week.