Philippines Eyes Cap on Digital Bank Licenses

Bloomberg reports that the Philippine central bank may set a limit on the number of digital lenders in the nation, as it seeks to release regulations on the emerging industry before the year ends.

Under a planned policy that’s under review, online banks must adhere to the same corporate and risk management standards as traditional lenders, said Bangko Sentral ng Pilipinas Governor Benjamin Diokno.

Read more at: BloombergQuint