Global Trade Alert
Global Trade Alert

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Philippines: Potential liberalisation of foreign bank ownership

Description

On 9 June 2014, the Senate approved Bill no. 2159 'Liberalizing the Entry and Scope of Operations of Foreign Banks in the Philippines', allowing local banks to be fully owned by foreigners. It also gr...

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Intervention Details

Intervention Type

FDI: Entry and ownership rule

MAST Chapter

FDI measures

Implementation date

No implementation date

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

Graph

Table

Affected Sectors

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Affected Products

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