Philippines looks to end special vehicles

The central bank in the Philippines is seeking to draw a line under special purpose investment vehicles that are a legacy of the Asian financial crisis that erupted more than a decade ago.

Nestor Espenilla, the deputy governor of Bangko Sentral ng Pilipinas, said the central bank saw no need for another extension of the Special Purpose Vehicle Act (SPV), a special law that dates back to 2002.

The law was initially enacted to encourage the country's financial institutions to shed bad assets acc

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: