Hedging activity growing in the Philippines
Derivatives dealers seeking new markets in emerging Asia in the wake of the global financial crisis count regulatory restrictions, headline risk and poor product awareness as typical barriers to entry. This has not been the case in the Philippines which, since 2008, has taken a series of progressive steps to liberalise the derivatives market and encourage greater usage among dealers and end-users. During the past two years, the Bangko Sentral ng Pilipinas (BSP) has replaced its old dealer
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