BSP Issues New Guidelines for Derivatives, Life Cycle Funds

The Bangko Sentral ng Pilipinas (BSP, Philippine central bank) is pursuing various initiatives to further strengthen the trust industry through reforms covering several investment instruments. The proposed reforms cover derivatives on unit investment trust funds (UITFs), as well as life cycle or target date funds. Reforms undertaken include the issuance of risk management guidelines on investment activities, establishment of efficient payment…

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