The Bankers Association of the Philippines (BAP) and Meralco recently held a forum to discuss ways how banks throughout the country can adapt practices to introduce sustainability in their energy practices. In his opening remarks, BAP managing director Benjamin P. Castillo highlighted how energy matters in a bank’s day-to-day operations. “As is generally known, electricity […]
In pursuit of its commitment to market development, the Bankers Association of the Philippines (BAP) recently launched the dollar-peso cross-currency swap (USDPHP CCS) market. IMAGE CREDIT: www.ecomparemo.com The Dollar-Peso cross-currency swaps involve a Philippines peso fixed rate and a US dollar floating swap, with standard tenors of 1, 2, 3, 4, 7, and 10 years. It […]
The Bankers Association of the Philippines (BAP) welcomed the appointment of Eli Remolona, a Monetary Board member, as the new governor of the Bangko Sentral ng Pilipinas (BSP) recently, even as they expressed support for whatever initiatives he will be implementing that could impact the banking industry and its various stakeholders. In a press statement, […]
